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Argentina : the convertibility plan. Assessment and potential prospects
The purpose of this report is to review the achievements and challenges that the Convertibility Plan has brought to the Argentina economy over 1991-1994, and then assess prospects for economic growth in the wake of the economic turbulence that beset Latin America in 1995. The main pillars of the con...
|a Argentina :
|b the convertibility plan. Assessment and potential prospects
|c / World Bank
260
|b World Bank
|a Washington, D.C.
|c 1996
300
|a 2 v. :
|b il.
490
|a Report
|v no. 15402-AR
500
|a Contenido: v.1. Main report -- v.2. Statistical appendix. La Biblioteca posee: v.2
504
|a Incluye bibliografía
520
|a The purpose of this report is to review the achievements and challenges that the Convertibility Plan has brought to the Argentina economy over 1991-1994, and then assess prospects for economic growth in the wake of the economic turbulence that beset Latin America in 1995. The main pillars of the convertibility plan are: a) monetary reform; b) fiscal reform; c) public sector reform; d) social security reform; and e) trade reform. The report looks at each of these areas in its first chapter. The second chapter reviews the main macroeconomic implication of the convertibility plan both in its growth period (1991-94) and the crisis year of 1995. It looks at public sector performance, the federal government, capital inflows, current accounts, real exchange rates, financial market effects, monetization and dollarization, trade flow response, investment, savings, productivity, and competitiveness. The third chapter is a compendium of issues and policy recommendations to help move the economy in the desired direction.
