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La question de la légitimité monétaire : le Patacón argentin

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  • Jean-Marc Clerc

Abstract

[eng] Jean-Marc Clerc — The question of monetary legitimacy : The Argentina Patacon case.. During 2002, more than twenty parallel currencies are in circulation in Argentina. These are debt bonds used to pay public servants ;. yet they are not converted into local currency despite their potential liquidity and the remuneration they may procure. The Argentina crisis shows that the acceptability of these titles expresses a lack of reserve values for two reasons : as merchandises, they are structurally dominated by national money, and yet the latter no longer has the confidence of agents, due to its loss of social and political legitimacy.

Suggested Citation

  • Jean-Marc Clerc, 2002. "La question de la légitimité monétaire : le Patacón argentin," Revue Tiers Monde, Programme National Persée, vol. 43(171), pages 683-697.
    • Handle: RePEc:prs:rtiers:tiers_1293-8882_2002_num_43_171_1630
    DOI: 10.3406/tiers.2002.1630
    Note: DOI:10.3406/tiers.2002.1630
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    Cited by:

    1. Jérôme Blanc, 2014. ""Argentina o dolarización", ou quand la monnaie revient à la souveraineté," Post-Print halshs-01016336, HAL.

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