Argentina: Debt and Macroeconomic Instability

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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:

• Developing Country Debt and the World Economy, edited by Jeffrey D. Sachs, Chicago: The University of Chicago Press, 1989. ,
• Debt and Macroeconomic Instability in Argentina, Rudiger Dornbusch, Juan Carlos de Pablo, in Developing Country Debt and the World Economy, University of Chicago Press, 1989
  

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