Dr Strangelove's Argentina London edition

In effect, Argentina is reliving the unhappy depression-era experience of countries (including Argentina) that were ultimately forced to abandon the gold standard, after relentless fiscal contraction caused a deterioration in both governability and fiscal sustainability. Or, to draw an analogy from...

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Bibliographic Details
Published inThe Financial times (London ed.)
Main Author Sankaran, Karthik
Format Newspaper Article
LanguageEnglish
Published London (UK) The Financial Times Limited 21.03.2001
Subjects
Deflation
Economic indicators
Economic News
Foreign exchange rates
Government News
Interest rates
Sustainability
South America
Americas
Argentina
Latin America
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Summary:In effect, Argentina is reliving the unhappy depression-era experience of countries (including Argentina) that were ultimately forced to abandon the gold standard, after relentless fiscal contraction caused a deterioration in both governability and fiscal sustainability. Or, to draw an analogy from a more recent decade, it has the quality of Dr Strangelove's Doomsday machine - getting off the currency board may or may not be disastrous; staying on it is proving to be.
ISSN:0307-1766