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Author/Editor:
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Daseking, Christina ; Ghosh, Atish R. ; Thomas, Alun H. ; Lane, Timothy D.
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Publication Date:
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February 10, 2005
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Electronic Access:
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Link to Abstract
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Summary:
In 2001-2002, Argentina experienced one of the worst economic crises in itshistory. A default on government debt, which occurred against the backdrop of a prolonged recession, sent the Argentine currency and economy into a tailspin. Although the economy has since recovered from the worst, the crisis has imposed hard ships on the people of Argentina, and the road back to sustained growth and stability is long. The crisis was all the more troubling in light of the fact that Argentina was widely considered a model reformer and was engaged in a succession of IMF-supported program through much of the 1990s. This Occasional Paper examines the origins of the crisis and its evolution up to early 2002 and draws general policy lessons, both forcountries’ efforts to prevent crises and for the IMF’s surveillance and use of its financial resources.
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Series:
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Occasional Paper No. 236
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Subject(s):
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Argentina | Financial crisis
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English
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Publication Date:
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February 10, 2005
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ISBN/ISSN:
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ISBN 1-58906-359-7 ; ISSN 0251-6365
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Format:
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Paper
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Stock No:
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S236EA
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Pages:
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60
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Price:
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Please address any questions about this title to
publications@imf.org
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