IDEAS home Printed from https://ideas.repec.org/a/eee/juipol/v26y2013icp45-55.html
   My bibliography  Save this article

From privatisation to nationalisation: Repsol-YPF, 1999–2012

Author

Listed:
  • Melgarejo Moreno, Joaquín
  • López Ortiz, Ma Inmaculada
  • Montaño Sanz, Borja

Abstract

In April 2012 Argentinean Government nationalized 51% of Repsol shares in YPF. Expropiation of YPF is a new step in a broad list of protectionist and interventionist decisions, such as the nationalization of Aerolíneas Argentinas, nationalization of private pension plans, or the amendments of the Central Bank regulations to make the use of reserves more flexible. Institutions set the rules of the game for citizens and companies, allowing incentives and creating expectations. Nationalization of the above mentioned Argentinean companies has created legal uncertainty bringing a relevant increase in the risk premium as a result. Privatization of YPF and its later nationalization, together with the company shareholder composition, and resulting international disputes will be addressed in this article.

Suggested Citation

  • Melgarejo Moreno, Joaquín & López Ortiz, Ma Inmaculada & Montaño Sanz, Borja, 2013. "From privatisation to nationalisation: Repsol-YPF, 1999–2012," Utilities Policy, Elsevier, vol. 26(C), pages 45-55.
    • Handle: RePEc:eee:juipol:v:26:y:2013:i:c:p:45-55
    DOI: 10.1016/j.jup.2013.05.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0957178713000350
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jup.2013.05.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gadano, Nicolás, 1998. "Determinantes de la inversión en el sector petróleo y gas en la Argentina," Series Históricas 7444, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nikas, A. & Koasidis, K. & Köberle, A.C. & Kourtesi, G. & Doukas, H., 2022. "A comparative study of biodiesel in Brazil and Argentina: An integrated systems of innovation perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
    2. Waterworth, Alec & Bradshaw, Michael J., 2018. "Unconventional trade-offs? National oil companies, foreign investment and oil and gas development in Argentina and Brazil," Energy Policy, Elsevier, vol. 122(C), pages 7-16.
    3. Wang, Jinbo & Ran, Maosheng & Huang, Qing & Li, Wanli, 2022. "Nationalization of private enterprises and default risk: Evidence from mixed-ownership reform in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 534-553.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ignacio Sabbatella, 2014. "Neoliberalismo y naturaleza: la “comoditización” de los hidrocarburos en Argentina (1989-2001)," Revista Iberoamericana de Economía Ecológica, Red Iberoamericana de Economía Ecológica, vol. 22, pages 101-116, July.
    2. Peres Núñez, Wilson & Stallings, Barbara, 2000. "Crecimiento, empleo y equidad: el impacto de las reformas económicas en América Latina y el Caribe," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1651 edited by Cepal.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:26:y:2013:i:c:p:45-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/utilities-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.