Argentina: Debt and Macroeconomic InstabilityRudiger Dornbusch, Juan Carlos de Pablo
NBER Working Paper No. 2378 (Also Reprint No. r1121) The paper reviews the Argentine debt experience in the past ten years. The emphasis is on the interaction between relative prices, financial instability, budget .deficits, inflation and debt accumulation. A longer run perspective shows that the continuing fiscal problems have stood in the way of investment and growth. Published:
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