The Argentine Financial Crisis
Date Submitted: 09/10/2006 01:33:21
Category: / Social Sciences / Sociology
Length: 9 pages (2421 words)
Category: / Social Sciences / Sociology
Length: 9 pages (2421 words)
Executive Summary_____________________________<Tab/>________
The Argentine financial crisis took place between 1999 and 2002. However, events dating back to 1990 help in understanding why the crisis happened, and would help prevent it from happening again. In 1990 Argentina was in a recession. To solve this problem the Argentine government implemented the Convertibility Plan. Within a year the country was experiencing exceptional improvement, and the economy continued to grow until 2004. In 2005 the Tequila crisis in Mexico triggered …
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…no. 2003-02, 2003.
Foreign Policy in Focus. "Is Argentina the Coup de Grace of the IMF's Flawless Policy Mission." FPIF Web Site. http://www.fpif.org/papers/argentina.html , accessed April 2005.
International Monetary Fund. "Argentina--Letter of Intent and Addendum to the Technical Memorandum of Understanding." IMF Web site. www.imf.org/external/np/loi/2004 , accessed April 2005.
International Monetary Fund. "Crisis Prevention and Resolution: Lessons from Argentina." IMF Web site. www.imf.org/external/speeches/2002 , accessed April 2005.
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