Biblioteca Digital de VanguardiaMONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION
This paper opposes to the institutional explanations for sudden reversals of expectations,as was the case in the Argentinean crisis 2001/2002, an analysis revealing a crisis of the trust setin national currency, so conceived as total social fact. Based on this multidimensional view(economic, politic...
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Inglés |
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Universidade de São Paulo - Programa de Pós-graduação em Integração da América Latina
2011
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| Acceso en línea: | https://www.revistas.usp.br/prolam/article/view/82478 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/22574 |
| _version_ | 1782337991130218496 |
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| author | Pereira, Jaime Marques |
| author_facet | Pereira, Jaime Marques |
| author_sort | Pereira, Jaime Marques |
| collection | Repositorio |
| description | This paper opposes to the institutional explanations for sudden reversals of expectations,as was the case in the Argentinean crisis 2001/2002, an analysis revealing a crisis of the trust setin national currency, so conceived as total social fact. Based on this multidimensional view(economic, political and symbolic) of the money functions, we show that the systemic risk of thepublic debt results from the illusions fostered by new classical theory on promises of futureincome founding the political compromises sustaining the currency board monetary regime. Theresolution of this crisis has given room to a more distributive regime inspired in new-keynesiantheory but not to the elimination of this systemic risk. The conclusion points out in the presentcontext of world crisis the more general validity of this issue focusing the responsibility of neoquantitativetheory of money as a representation of economy performing collective action |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO22574 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2011 |
| publisher | Universidade de São Paulo - Programa de Pós-graduação em Integração da América Latina |
| record_format | greenstone |
| spelling | clacso-CLACSO225742022-03-15T15:10:38Z MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION Pereira, Jaime Marques América do Sul Política econômica. This paper opposes to the institutional explanations for sudden reversals of expectations,as was the case in the Argentinean crisis 2001/2002, an analysis revealing a crisis of the trust setin national currency, so conceived as total social fact. Based on this multidimensional view(economic, political and symbolic) of the money functions, we show that the systemic risk of thepublic debt results from the illusions fostered by new classical theory on promises of futureincome founding the political compromises sustaining the currency board monetary regime. Theresolution of this crisis has given room to a more distributive regime inspired in new-keynesiantheory but not to the elimination of this systemic risk. The conclusion points out in the presentcontext of world crisis the more general validity of this issue focusing the responsibility of neoquantitativetheory of money as a representation of economy performing collective action 2011-12-01 2022-03-15T15:10:38Z 2022-03-15T15:10:38Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://www.revistas.usp.br/prolam/article/view/82478 10.11606/issn.1676-6288.prolam.2011.82478 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/22574 eng https://www.revistas.usp.br/prolam/article/view/82478/108474 Copyright (c) 2011 Jaime Marques Pereira application/pdf Universidade de São Paulo - Programa de Pós-graduação em Integração da América Latina Brazilian Journal of Latin American Studies; v. 10 n. 19 (2011); 53-78 Brazilian Journal of Latin American Studies; Vol. 10 No. 19 (2011); 53-78 1676-6288 1676-6288 |
| spellingShingle | América do Sul Política econômica. Pereira, Jaime Marques MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title | MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title_full | MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title_fullStr | MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title_full_unstemmed | MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title_short | MONEY AS A TOTAL SOCIAL FACT IN ARGENTINEAN 2001/02 CRISIS AND IN ITS RESOLUTION |
| title_sort | money as a total social fact in argentinean 2001/02 crisis and in its resolution |
| topic | América do Sul Política econômica. |
| url | https://www.revistas.usp.br/prolam/article/view/82478 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/22574 |