Biblioteca Digital de VanguardiaPublic external debt bargaining
This short policy brief results from a detailed analysis of the Argentinean case on external public debt during the last decade, with special attention on the huge 2005 swap. It is quite known for the Latin American experience that external debt has been a subordination mechanism, especially since t...
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| Formato: | Doc. de trabajo / Informes |
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CLACSO
2021
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| Acceso en línea: | https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/14283 |
| _version_ | 1782337725896065024 |
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| author | Cantamutto, Francisco J. |
| author_facet | Cantamutto, Francisco J. |
| author_sort | Cantamutto, Francisco J. |
| collection | Repositorio |
| description | This short policy brief results from a detailed analysis of the Argentinean case on external public debt during the last decade, with special attention on the huge 2005 swap. It is quite known for the Latin American experience that external debt has been a subordination mechanism, especially since the rise of the neoliberal stage. The systematic increase in debt services can make countries to become illiquid from time to time, forcing to go into default and renegotiate. This cycle of debt can boost economic activity when funds are coming, but produces severe crisis when they are no longer available. For Argentina, the economy opening process got its apotheosis during the Convertibilidad regime (1991-2001), which stated external debt payments as the main aim of public finance. This ended badly, with a default declaration on the hot December 2001 |
| format | Doc. de trabajo / Informes |
| id | clacso-CLACSO14283 |
| institution | CLACSO, Repositorio Digital |
| publishDate | 2021 |
| publisher | CLACSO |
| record_format | greenstone |
| spelling | clacso-CLACSO142832022-03-11T14:03:57Z Public external debt bargaining Cantamutto, Francisco J. Deuda externa Economía Política económica This short policy brief results from a detailed analysis of the Argentinean case on external public debt during the last decade, with special attention on the huge 2005 swap. It is quite known for the Latin American experience that external debt has been a subordination mechanism, especially since the rise of the neoliberal stage. The systematic increase in debt services can make countries to become illiquid from time to time, forcing to go into default and renegotiate. This cycle of debt can boost economic activity when funds are coming, but produces severe crisis when they are no longer available. For Argentina, the economy opening process got its apotheosis during the Convertibilidad regime (1991-2001), which stated external debt payments as the main aim of public finance. This ended badly, with a default declaration on the hot December 2001 2021-11-11T16:58:17Z 2021-11-11T16:58:17Z 2015 Doc. de trabajo / Informes 978-987-722-055-1 https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/14283 7 p. application/pdf CLACSO CODESRIA IDEAs |
| spellingShingle | Deuda externa Economía Política económica Cantamutto, Francisco J. Public external debt bargaining |
| title | Public external debt bargaining |
| title_full | Public external debt bargaining |
| title_fullStr | Public external debt bargaining |
| title_full_unstemmed | Public external debt bargaining |
| title_short | Public external debt bargaining |
| title_sort | public external debt bargaining |
| topic | Deuda externa Economía Política económica |
| url | https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/14283 |