Abstract

BEKER, Víctor A.  and  ESCUDE, Guillermo J.. Vida, pasión y muerte de la convertibilidad en Argentina. Estud. Econ. [online]. 2008, vol.25, n.50, pp. 1-36. ISSN 2525-1295.

Almost 100 years after the creation of its Currency Board, Argentina recreated it, at a time when most countries in the world had adopted more flexible exchange rate regimes. Instead of pegging the domestic currency to gold as in the XIXth century, this time the peso was pegged to the U.S. dollar. This paper explores the nature of this regime, its historical origin, its functioning in Argentina, the difficulties it generated in manufacturing, and its traumatic end.

Keywords : Exchange rate; Monetary regime; Economic depression.