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The 1998–2002 Argentine great depression was an economic depression in Argentina, ... Monthly inflation in Argentina during 2002 (the peak was 10.4%, in April).
Along with a trade imbalance and balance of payment problem, the need for credit to finance its budget deficits made Argentina's economy vulnerable to economic crisis and instability. In 1999, the economy of Argentina shrank by 3.4%. GDP continued to decline: 0.8% in 2000, 4.4% in 2001, and 10.9% in 2002.
Corralito (Spanish pronunciation:) is the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time US$1 = 1 ARS). Electronic transfers and credit and debit card payments were not ...
(2002) Argentina's Currency Board: Cry for Argentina - But not for its currency board, New Economy: Surrey Centre for International Economic Studies, pp. 158–165. Cavallo, Domingo F. & Cottani, Joaquin A. (1997) Argentina's Convertibility Plan and the IMF, AEA Papers and Proceedings, May, Vol. 87, No. 2, pp. 17–22.
Argentina has faced several economic crises, such as: The Rodrigazo (1975) The 1989 riots in Argentina; The 1998–2002 Argentine great depression;
Friedrich Merz, chancellor candidate of Germany's Christian Democrats, speaks to voters during an election campaign tour stop on February 20, 2025 in Berlin, Germany.
Pages in category "2002 in Argentina" The following 7 pages are in this category, out of 7 total. ... 1998–2002 Argentine great depression; F. List of Argentine ...
Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...