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The new foreign debt trap and its long run consequences: the persistence of Monetarism as a social doctrine in Argentina

In: Central Banks and Monetary Regimes in Emerging Countries

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  • Juan Matías De Lucchi
  • Matías Vernengo

Abstract

The chapter offers a detailed analysis of the problem of the current crisis of the external sector that the Argentine economy has been going through starting with the election of the Macri administration at the end of 2015. The focus of this analysis is placed on the errors of the previous national government, both diagnostic, theoretical and operational, which has led to a situation of complex sustainability in terms of indebtedness, which puts future possibilities of economic growth at risk. The return of Monetarism in Argentina led to a new foreign debt cycle, and the current pandemic has only aggravated the instability of the economy and the possibilities of default.

Suggested Citation

  • Juan Matías De Lucchi & Matías Vernengo, 2023. "The new foreign debt trap and its long run consequences: the persistence of Monetarism as a social doctrine in Argentina," Chapters, in: Fernando Ferrari-Filho & Liuz Fernando de Paula (ed.), Central Banks and Monetary Regimes in Emerging Countries, chapter 7, pages 127-146, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21116_7
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    Keywords

    Development Studies; Economics and Finance;

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