Straining at the Anchor
Subtitle: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935 (National Bureau of Economic Research Series on Long-Term Factors in Economic Dev)
Publisher: University Of Chicago Press
Published: December 1, 2001
Language: eng
Format: Hardcover
Number of pages: 298
ISBN-13: 9780226645568
Subjects: Economic history; International economics; Macroeconomics; 20th century; c 1800 to c 1900; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Macroeconomics; Business & Economics / Macroeconomics; Economics - General; Argentina; Currency boards; Currency question; History; Monetary policy
First sentence: In a short span of a few golden years, with their peak from around 1900 to 1913, Argentines enjoyed a Belle Epoque.
Description: "The "Argentine disappointment" - why Argentina persistently failed to achieve sustained economic stability during the twentieth century - is an issue that has mystified scholars for decades. In Straining at the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode.

Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered.

The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversion, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted."--BOOK JACKET.