Straining at the Anchor : The Argentine Currency Board and the Search for Macroeconomic Stability 1881-1935

Straining at the Anchor : The Argentine Currency Board and the Search for Macroeconomic Stability 1881-1935

Description

The "Argentine disappointment" - why Argentina persistently failed to achieve sustained economic stability during the 20th century - is an issue that has mystified scholars for decades. In "Straining at the Anchor", Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Organized chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement, such as the "Caja de Conversion", the nation's first currency board, which favoured a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using - or seriously contemplating -monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.


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Details

Author(s)
Gerado Della Paolera, Alan A. Taylor, Taylor Alan M.
Format
Hardback | 298 pages
Dimensions
156 x 235 x 21.59mm | 520g
Publication date
07 Jan 2002
Publisher
The University of Chicago Press
Imprint
University of Chicago Press
Publication City/Country
Chicago, IL, United States
Language
English
Edition Statement
New.
Illustrations note
15 halftones, 29 line drawings, 39 tables
ISBN10
0226645568
ISBN13
9780226645568
Bestsellers rank
2,304,934