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The Argentinian economic crisis of 2018: background and interpretation

Author

Listed:
  • Carlos Henrique Horn
  • Luiza Pecis Valenti
  • Ben-Hur dos Santos Petry

Abstract

This paper deals with the Argentinian economic crisis of 2018. We argue thatthe crisis was brought about by the process of financial fragility directly related to thechoice of economic policy made by the Macri government. That fragility came to manifestin a moment of reversal in the external scenario in 2018. In our analysis, we have gatheredevidence on the macroeconomic performance of Argentina to present an interpretationbased on the concepts of asymmetry of power in the monetary and financial internationalsystem, external vulnerability, and sudden stop crisis. JEL Classification: E32; G01; H12.

Suggested Citation

  • Carlos Henrique Horn & Luiza Pecis Valenti & Ben-Hur dos Santos Petry, 2023. "The Argentinian economic crisis of 2018: background and interpretation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 43(2), pages 335-357.
    • Handle: RePEc:ekm:repojs:v:43:y:2023:i:2:p:335-357:id:2401
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    More about this item

    Keywords

    Argentinean economy; Macri government; exchange rate crises; external vulnerability; sudden stop crisis;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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