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Currency Crises of Argentina and Brazil
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A 7 page paper discussing the conditions leading to the currency crises of Argentina in 2002 and Brazil in 1999. Political instability in Argentina and a decade of hyperinflation in Brazil in large part led to government-led money-grabs in each country; Argentina even nationalized personal bank accounts in 2001. A leading fault of each was rampant government spending, without consideration for repaying the crushing debt. Similarities with current (2009) actions in the US are clear. Bibliography lists 8 sources.
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Pages:
7
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Filename:CJ6_KSfinCurBraArg.doc |
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Paper Title:
Currency Crises of Argentina and Brazil
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