Upload resources

Upload your works to SEDICI to increase its visibility and improve its impact

 

Show simple item record

dc.date.accessioned 2020-12-28T14:13:13Z
dc.date.available 2020-12-28T14:13:13Z
dc.date.issued 2005
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/111443
dc.description.abstract Explaining the recurrence of crisis in Argentina under the form of balance of payment difficulties requires an answer to the question of why the real exchange rate does not tend to correct the external imbalances as should happen according to the neoclassical explanation. That is, why does the real exchange rate tend to move, systematically, towards values that make the result of the current account of the balance of payments unsustainable? In synthesis, why does the real exchange rate in Argentina tends to over-value in relation to the 'needs' of the balance of payments, if over-valuation expresses the impossibility of equilibrating it? In this article we will show that it is Argentina's economic structure that generates this behavior. We will do so by combining three tools of analysis: the concept of 'des-equilibrated productive structure'; a model of 'structural' real exchange rate determination; and the effects of existence of rent from natural resources (typical of semi-industrialized Latin-American economies). With these ideas in mind we will show how structural forces act in the short- and long-run, emphasizing the fact that the effects of devaluation in peripheric economies are of a different qualitative nature as those in developed (center) economies. We will end our presentation with a few reflections on the contradictions and policy decisions that this economic structures pose. en
dc.language en es
dc.subject Argentina es
dc.subject crisis es
dc.subject capitalism es
dc.title Cyclical crisis of capitalist development in the periphery en
dc.type Objeto de conferencia es
sedici.identifier.uri http://www.memoria.fahce.unlp.edu.ar/trab_eventos/ev.10578/ev.10578.pdf es
sedici.title.subtitle A reading from Argentina en
sedici.creator.person Féliz, Mariano es
sedici.creator.person Chena Balbuena, Pablo Ignacio es
sedici.subject.materias Economía es
sedici.description.fulltext true es
mods.originInfo.place Facultad de Humanidades y Ciencias de la Educación es
sedici.subtype Objeto de conferencia es
sedici.rights.license Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
sedici.rights.uri http://creativecommons.org/licenses/by-nc-sa/4.0/
sedici.date.exposure 2005
sedici.relation.event X LACEA (París, Francia, 27 al 29 de octubre de 2005) es
sedici.description.peerReview peer-review es
mods.recordInfo.recordContentSource Memoria académica es


Download Files

This item appears in the following Collection(s)

Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)