Hyperinflation, Currency Board, and Bust
ISBN:
978-3-631-55608-5
Verlag:
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Land des Verlags:
Deutschland
Erscheinungsdatum:
01.09.2006
Bearbeiter:
Reihe:
Hohenheimer volkswirtschaftliche Schriften
Format:
Softcover
Seitenanzahl:
292
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
This book focuses on «Convertibilidad», the latest Argentine experience of exchange rate based stabilisation, and aims at isolating the main causes for its tragic collapse in 2001-2002. The characteristics of Argentina’s high and hyperinflation during the 1980s are analysed, and the theory of currency boards is expounded. The stabilisation tool, an institutionally highly credible currency board arrangement (CBA), though highly effective, could not be an optimal long-term solution, given the country’s structural and trade characteristics. The analysis of the causes of the CBA’s collapse yields a complex picture of interacting factors, among them invaliding ones that had created multiple vulnerabilities over years, and triggering ones that unfolded their worst potential in meeting such vulnerable conditions.
Schlagwörter
Biografische Anmerkung
The Author: After studies in international economics at the University of Hohenheim, Jutta Maute spent several years working with major German banks in the field of international finance.
Quantum Decision Theory and Complexity Modelling in Economics and Public Policy
Erscheinungsjahr:
2023