The Argentinian economic crisis of 2018: background and interpretation
This paper deals with the Argentinian economic crisis of 2018. We argue that
the crisis was brought about by the process of financial fragility directly related to the
choice of economic policy made by the Macri government. That fragility came to manifest
in a moment of reversal in the external scenario in 2018. In our analysis, we have gathered
evidence on the macroeconomic performance of Argentina to present an interpretation
based on the concepts of asymmetry of power in the monetary and financial international
system, external vulnerability, and sudden stop crisis.
JEL Classification: E32; G01; H12.
Keywords: Argentinean economy Macri government exchange rate crises external vulnerability sudden stop crisis