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dc.contributor.authorHein, Belén
dc.date.accessioned2014-03-04T16:21:06Z
dc.date.available2014-03-04T16:21:06Z
dc.date.issued2008-12
dc.identifier.otherhein_belen_200812_bba
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/hein_belen_200812_bba
dc.identifier.urihttp://hdl.handle.net/10724/25195
dc.description.abstractIn the Nineties, Argentina implemented a series of neo-liberal policies and a currency board to end a period of hyperinflation and regain access to the international capital markets. The system collapsed in 2001 when Argentina sunk into a severe depression and economic crisis, which ended in the largest sovereign debt default in history. Three years later, the Argentine government renegotiated and offered bondholders a meager 30% of the original face-value of the bonds. Although in the years following the crisis Argentina experienced low inflation and high GDP growth, today Argentina faces double-digit inflation and public debt levels above 50 percent of GDP. In this paper I find that behind Argentina’s economic problems lie institutional weaknesses, including severe corruption, the federal-provincial revenue-sharing system, and the absence of the rule of law. Argentina must first address these institutional problems before it can hope for sustained economic recovery and proper public debt management.
dc.languageeng
dc.publisheruga
dc.rightspublic
dc.subjectArgentina
dc.subjectDebt
dc.subjectDefault
dc.subject2001 Crisis
dc.subjectCoparticipacion
dc.subjectCoparticipation
dc.subjectInstitutions
dc.subjectRule of Law
dc.subjectCorruption
dc.subjectMenem
dc.subjectKirchner
dc.subjectFernandez
dc.subjectThesis
dc.subjectHonors Program
dc.subjectCapstone
dc.subjectThe University of Georgia
dc.subjectCenter for Undergraduate Research Opportunities
dc.titleInstitutional causes of Argentina’s unsustainable public debt and economic instability
dc.typeHonors
dc.description.degreeBBA
dc.description.departmentBusiness Administration
dc.description.majorEconomics
dc.description.advisorSantanu Chatterjee
dc.description.committeeSantanu Chatterjee


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