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Aug 21, 2018

Argentina’s Economic Struggle: from IMF to IMF

Analysis by Petra Szepesi

Argentina has had a turbulent history of economic and political downturns. The purpose of this paper is to reflect on the major crises of the past three decades and analyze the causes, the crisis management procedures, and the post-crisis economic reforms. The presidencies of Carlos Menem, Néstor Kirchner, Cristina Fernández de Kirchner, and Mauricio Macri will be evaluated in the context of the chronic hyperinflation of the 1980s, the sovereign debt default of 2001, and the current currency crisis. In conclusion, this assessment will be used to draw distinctions between the crisis of 2001 and the current economic downturn of Argentina in 2018.

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