... growth. Argentina Crisis Overview. According to Cibils, Weisbrot and Debugnai (2002) the IMF is still insisting that "failures in fiscal policy constitute the root of the current Argentinian crisis-, and recommending fiscal and monetary austerity as a means of reviving investor confidence and thereby stimulating economic recovery. But this approach has failed for more than four years, as the ... . Most importantly, Argentina is running a large current account and trade surplus. Primarily as a result of the devaluation, the export sector has vastly expanded as a share of the economy, and ...

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• Grade Level: Undergraduate