The Future of Argentina's Quasi-Currency Board: Toward a MERCOSUR Monetary Union?

Author(s): Jones, Aaron

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DC Field	Value	Language
dc.contributor.author	Jones, Aaron	-
dc.date.accessioned	2025-03-06T16:16:49Z	-
dc.date.available	2025-03-06T16:16:49Z	-
dc.date.issued	2000	en_US
dc.identifier.uri	http://arks.princeton.edu/ark:/88435/pr1th8bn4q	-
dc.description.abstract	This paper will examine the future of Argentina's Convertibility Plan, a stabilization program that was adopted in 1991 in response to years of hyperinflation and turmoil within the Argentine financial markets. This program linked the value of the Argentine peso to the U.S. dollar with a quasi-currency board. The Plan achieved rapid macroeconomic stabilization and helped to reintegrate Argentina into global markets. However, permanent commitment to this program will not be in Argentina's best economic interest. After an evaluation of the advantages and disadvantages of the Convertibility Plan, I conclude that it is not the optimal arrangement for Argentina in the long run. I propose an alternate arrangement for Argentina and discuss some issues relating to a possible transition.	en_US
dc.language.iso	en_US	en_US
dc.relation.ispartof	Journal of Public and International Affairs	en_US
dc.rights	Final published version. Article is made available in OAR by the publisher's permission or policy.	en_US
dc.title	The Future of Argentina's Quasi-Currency Board: Toward a MERCOSUR Monetary Union?	en_US
dc.type	Journal Article	en_US

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