What the Fund Got Wrong The IMF and Argentina's Crisis

Annie Spencer

Date of Award

2004

Document Type

Thesis

Degree Name

Bachelors

Department

Social Sciences

First Advisor

Coe, Richard

Keywords

International Monetary Fund, Argentina, Emerging Market Crisis

Area of Concentration

Economics

Abstract

This thesis examines the role of the International Monetary Fund in Argentina's recent economic crisis. Exploring both domestic and international contexts, the research aims to uncover the main factors contributing to Argentina's default and devaluation in December 2001 and its aftermath. The International Monetary Fund, having played a key role in the country's economic policy decisions for decades, is closely scrutinized with regards to its pre- and post-crisis intervention in Argentina. The research concludes that, indeed, the IMF did make critical errors in its handling of the Argentine situation including support for the country's increasingly burdensome Convertibility Plan, conditionality terms requiring fiscal austerity, and failing to break from MABOP and its preoccupation with foreign investor sentiment. More broadly, in the conclusion of this thesis, lessons are drawn from these policy errors, and suggestions aimed at preventing another emerging market collapse are made.

Rights

This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.

This document is currently not available here.

Share

COinS