Economic Potentiality And Consequences Of Inflation In Argentina

Abstract

  This paper provides insight on Argentina's crisis since the default in an attempt to find a way out of the economic crisis. In 1991 Argentina pegged its peso to the U.S. dollar to stabilize the economic conditions and it set in restrictions on the issuance of money to control hyperinflation. The problem faced by Argentina has come from what will be termed “econogenocide,” that is, killing one’s own economy through its own acts, procedures, policies, and reforms. However, there are more signs that the economy is over the worst. An examination of the policies and procedures that caused the downfall of this nation’s once thriving economy can show the tell-tale signs that other nations may need to watch out for, and protect against.