Argentina's Currency Crisis: Solutions: Difference between revisions
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# Reactions | # Reactions | ||
# Responses | # Responses | ||
*One solution to Argentina's Currency Crisis, could dollarizing. In this instance, they treplace their current currency with the dollar. This is most likely the best alternative to Argentina during this time, since other countries in Latin America have achieved success through this exact system. In addition to reaping stability in the country, this action would also be beneficial for the United States who in turn would be further stabilizing the region, | *One solution to Argentina's Currency Crisis, could dollarizing. In this instance, they treplace their current currency with the dollar. This is most likely the best alternative to Argentina during this time, since other countries in Latin America have achieved success through this exact system. In addition to reaping stability in the country, this action would also be beneficial for the United States who in turn would be further stabilizing the region, increasing the ability for greater relations between the United States and Latin American countries. | ||
Many authors and economists continue to study the implications of the 1998 Argentine Currency Crisis today. In addition to dollarizing the economy, many of these scholars offer different solutions and corrections to ensure a more stable economy and country. | |||
**Reform of law and judicial systems | |||
***This presents a problem because the Argentine judicial system has a long history of crime and "turning-their-head" during times of crisis. Protests and riots broke out in numerous streets during the 1998 Currency Crisis, which sparked violence and even deaths. In this way... | |||
# IMF involvement?? (keep it BRIEF - if we get into the IMF in detail we'll hang ourselves before we get to present :P) | # IMF involvement?? (keep it BRIEF - if we get into the IMF in detail we'll hang ourselves before we get to present :P) | ||
{{Currency Crisis Nav Bar}} | {{Currency Crisis Nav Bar}} | ||
Revision as of 05:28, 29 November 2006
ABOUT THE REACTIONS/RESPONSES TO ARGENTINA'S CRISIS
- Reactions
- Responses
- One solution to Argentina's Currency Crisis, could dollarizing. In this instance, they treplace their current currency with the dollar. This is most likely the best alternative to Argentina during this time, since other countries in Latin America have achieved success through this exact system. In addition to reaping stability in the country, this action would also be beneficial for the United States who in turn would be further stabilizing the region, increasing the ability for greater relations between the United States and Latin American countries.
Many authors and economists continue to study the implications of the 1998 Argentine Currency Crisis today. In addition to dollarizing the economy, many of these scholars offer different solutions and corrections to ensure a more stable economy and country.
- Reform of law and judicial systems
- This presents a problem because the Argentine judicial system has a long history of crime and "turning-their-head" during times of crisis. Protests and riots broke out in numerous streets during the 1998 Currency Crisis, which sparked violence and even deaths. In this way...
- Reform of law and judicial systems
- IMF involvement?? (keep it BRIEF - if we get into the IMF in detail we'll hang ourselves before we get to present :P)
