The Argentina crisis: bad luck, bad management, bad politics, bad advice

In my view the crisis was avoidable and one can even point to key events and decisions at particular moments of time. If some combination of these events had turned out different, it is likely that crisis would have been avoided. For example, if Argentina had managed to renegotiate the tax sharing a...

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Autor principal: Powell, Andrew
Formato: Documento de trabajo acceptedVersion
Publicado: Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF) 2017
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Acceso en línea:http://repositorio.utdt.edu/handle/utdt/6275
Aporte de:
id I57-R16320.500.13098-6275
record_format dspace
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
topic Crisis monetaria
Recesión económica
spellingShingle Crisis monetaria
Recesión económica
Powell, Andrew
The Argentina crisis: bad luck, bad management, bad politics, bad advice
description In my view the crisis was avoidable and one can even point to key events and decisions at particular moments of time. If some combination of these events had turned out different, it is likely that crisis would have been avoided. For example, if Argentina had managed to renegotiate the tax sharing agreement between the Provinces as the Constitution demanded, if Argentine federal public sector savings had been higher in 1996- 1998, if the Peronist Party had not been split down the middle in 1998/9, if the Radical Party had had an outright majority in the new Government in 1999, if the new Alianza Government had reduced (the right) expenditures immediately, if the Radical Party had actively ditched Freepaso pre-emptively and sought an alliance with “moderate” Peronists and others, and if the Lopez Murphy plan had been endorsed, all would have reduced the probability of default significantly.
format Documento de trabajo
acceptedVersion
author Powell, Andrew
author_facet Powell, Andrew
author_sort Powell, Andrew
title The Argentina crisis: bad luck, bad management, bad politics, bad advice
title_short The Argentina crisis: bad luck, bad management, bad politics, bad advice
title_full The Argentina crisis: bad luck, bad management, bad politics, bad advice
title_fullStr The Argentina crisis: bad luck, bad management, bad politics, bad advice
title_full_unstemmed The Argentina crisis: bad luck, bad management, bad politics, bad advice
title_sort argentina crisis: bad luck, bad management, bad politics, bad advice
publisher Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF)
publishDate 2017
url http://repositorio.utdt.edu/handle/utdt/6275
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