Argentina and the IMF: Economic Effects of Long-Term Adjustment Programs
This paper analyzes the effects of IMF adjustment programs implemented in Argentina for extended periods. Since joining the organization in 1956, until the last stand-by agreement in 2003, Argentina signed twenty-one agreements of strong conditionality with the IMF. And from late 1982 to December 20...
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Centro de Estudios Históricos Profesor Carlos S. A. Segreti
2011
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| Acceso en línea: | https://revistas.unc.edu.ar/index.php/anuarioceh/article/view/23018 |
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| Sumario: | This paper analyzes the effects of IMF adjustment programs implemented in Argentina for extended periods. Since joining the organization in 1956, until the last stand-by agreement in 2003, Argentina signed twenty-one agreements of strong conditionality with the IMF. And from late 1982 to December 2001, was continually under its programs or seeking its approval. First, we review the literature on prolonged use of IMF resources and evaluation of their programs, then discusses Argentina agreements with the agency, its conditionalities, compliance, their effects on growth, inflation and employment, and compares the macroeconomic evolution in times of long, medium and nil stay under said agreements. In the short and medium term, the IMF programs correct the balance of payments, but their repetition affects growth, inflation, employment and social indicators. |
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