argentina crisis 2001 timeline


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PDF Argentina: The anatomy of a crisis

As we will see the events of 2001 are not something completely new to Argentina This country has a quite rich history of financial crises and debt moratoria

PDF THE ARGENTINE DEBT CRISIS of 2001-2002: A CHRONOLOGY

25 jan 2002 · The purpose of this note is to present a brief chronology of the process that led to the Argentine currency crisis and debt default of 2001-2002 

  • When did Argentina economic crisis start?

    Starting in 1998, Argentina entered into a recession that transformed into a depression by 2001, with an output drop of almost 20 percent from peak (1998) to bottom (2002).
    The crisis included a major banking crisis, a default on debt, and, as mentioned above, the traumatic end of the decade-long currency board.

  • How much did Argentina default on in 2001?

    Argentina has defaulted on its international sovereign debt nine times, including three times during the past two decades.
    In 2001, the government defaulted on more than US$132 billion of federal sovereign debt.

  • What was the crisis of 2001 in Argentina?

    Argentina was plunged into a devastating economic crisis in December 2001/January 2002, when a partial deposit freeze, a partial default on public debt, and an abandonment of the fixed exchange rate led to a collapse in output, high levels of unemployment, and political and social turmoil.

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