The hyperinflation meant that the new president elected in 1989, Carlos Menem of the Peronist party, took office earlier than planned His first 18 months as president did not bring any decisive changes, however Hyperinflation continued
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Efforts to control Argentina's inflation in 1988 and 1989 failed, generating episodes of hyperinflation, largely because the stabi- lization programs drove the public sector into debt "distress "
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8 oct 2003 · The Argentine Crisis—A Brief Review of the Academic Literature Output fell by about 20 percent over 3 years, inflation reignited, the in the export ratio from 5 percent to 17 percent of GDP by 1989, with the share of
The next two currency crises occurred in the midst of a hyperinflation period 10 The first crisis occurred in April 1989, with a 387 percent devaluation
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The Argentine crisis could be examined as one more crisis of the developing countries – admittedly a quarter of 1992 (+8 1 percent relative to the 1989 figure)
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Hyperinflation hit the economy hard: in 1989, real GDP declined by more than six percent Table 2 illustrates the history of accelerating inflation in Argentina after
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Monetary policy in Argentina: From the inflation of the 1970s, to the default of the New Argentine crisis is the lack of a real breaking point between the politicians of today and the The popular uprisings of 1989 lead Alfonsín to resign five
links the boom to the currency-board-like Convertibility Plan and the crisis to its collapse To gain credi- depression ” The economy of Argentina finds itself submerged in a great depression that, even In both 1989 and 1990 inflation in the
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