Abstract

SALVIA, Sebastián P.. El país en riesgo: Crisis financiera y gestión neoliberal en Argentina (1999-2001). Estud. - Cent. Estud. Av., Univ. Nac. Córdoba [online]. 2011, n.26, pp.00-00. ISSN 1852-1568.

In the years 1999-2001, the currency board crisis interrupted the process of capitalist restructuring of the '90s. This paper examines the financial dimension of the crisis, especially the management policy developed by the Alliance government. This policy was focused on the control of fiscal accounts by adjusting government spending and increasing the tax burden, with the aim of achieving low country risk and interest rate, and reverses the expectations about the economy to increase the investment. Government management of the crisis, which was strongly influenced by the financial needs of the state and agreed with the private banking interests represented by ABA, aggravated the situation of the real economy. The inef fectiveness of the Government deepened the crisis, making it impossible for a heterodox policy as tried since April 2001, until the explosion of currency board in the form of popular rebellion and banking crash in December.

Keywords : Recession; Adjustment; Neoliberalism; Volatility; Finance.

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