Structural Volatility in Argentina: A Policy Report

Ricardo Caballero ()

No 1324, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: The author identifies sources of volatility in Argentina that include weak international financial links, a recurrent credit crunch and financial underdevelopment problem, a fragile fiscal situation, and a pervasive profit and collateral squeeze mechanism brought about by a rigid labor market and exchange rate system. The paper's policy recommendations include improving external financial links, continuing and accelerating the path of domestic financial deepening, giving very high priority to the reduction of the public debt burden problem, and addressing the fundamental incompatibility between labor market rigidities and a highly inflexible exchange rate system.

Keywords: economic stabilization; structural adjustmen; WP-422; economic policy (search for similar items in EconPapers)
Date: 2000-08
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Working Paper: Structural Volatility in Argentina: A Policy Report (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1324

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