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A Currency We Can Call Our Own: Populism Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002 Case Study Details

The case describes Argentina’s struggle to establish a credible monetary system under populist pressures and the recurrent use of exchange rate stabilization plans. It focuses on two episodes where there was “too little money” in the economy: during the hyperinflation episodes during the late 1980’s-when money demand collapsed and the early 2000’s when the supply of money collapsed under a hard currency peg.

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