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Inconvertible paper money, inflation and economic performance in early nineteenth century Argentina

Irigoin, Maria Alejandra (2000) Inconvertible paper money, inflation and economic performance in early nineteenth century Argentina. Journal of Latin American Studies, 32 (2). pp. 333-359. ISSN 0022-216X

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Abstract

To date, factor endowments or comparative advantages in the international economy, have been at the centre of explanations for the economic performance of Argentina in the nineteenth century. Historians have focused on the increasing volume of rural exports and the availability of land on the frontier. Yet, the contemporary fiscal and monetary events have been ignored. From the 1820s to the 1860s, the state was mainly financed by issues of inconvertible paper currency. Hence, depreciation and high volatility of the means of payment became a basic feature of the Buenos Aires economy. This article will reassess the expansion of the rural economy in the light of the impact of inflationary finances.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 2000 Cambridge University Press
Divisions: Economic History
Subjects: F History United States, Canada, Latin America > F1201 Latin America (General)
H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Date Deposited: 07 Jun 2013 12:19
Last Modified: 20 Jan 2020 01:51
URI: http://eprints.lse.ac.uk/id/eprint/50676

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