1. Argentina's Currency Crisis
... favor of a new currency - the Austral - which was initially attached parity to the dollar. By 1991, the "Radical" party, having failed in their attempt to control inflation and having gone a period of hyperinflation akin to that suffered in Germany following World War I, had been replaced by the Peronist party, who headed by Menem replaced the Austral by the Peso and implemented ... ". As a result, Argentina achieved economic growth nearly at an annual rate of 8% at the first half of the 90s, mostly driven by external investments and an increase in trade over a period of economic stabili...
- Word Count: 1586
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate