It is not surprising that Argentina’s situation, with its libertarian president, is being hyped by many media outlets. The libertarian-leaning business editors are eagerly waiting to report on the breakthrough of radical ‘liberal’ ideology. However, when a major international organisation such as the OECD allows itself to be drawn into this political game, …
In libertarian circles, where the leader of the German liberals, Christian Lindner, regularly moves, it has become chic to refer to the ‘successes’ of the Argentine president elected a year ago, thus creating the impression that shock therapy could also be appropriate in this country. …
(A shorter version of this paper has been published by the LSE blog today)
Inflationary dynamics cannot be effectively addressed by conventional measures or a radical market shock therapy. Comparing the developments in Argentina and Turkey, we argue that the only way to address the problem is through cooperative behaviour of the government, …
Last week marked the twentieth anniversary of Argentina’s currency crisis of 2001, which brought the country to the brink of ungovernability and caused enormous social and political harm. President Fernando de la Rúa finally resigned on December 21, 2001. Just “in time” for this anniversary, …
