The coercitive and discplining role of the IMF during Argentina´s crisis in 2001-2002.

Abstract

The IMF had a coercitive and disciplining role in different eras of Argentina`s economic history. This role became more evident when facing governements that were not so fond of implementing the reforms suggested by the international financial institution but that at the same time strongly needed financial help to overcome the main difficulties of the economy (Alfonsín: December 1983-July 1989; Duhalde: January 2002- May 2003). Since the early nineties, multilateral financial organizations strengthened their influence on Argentina´s economic policy. The climax was during the 1999-2001 period with the deepening of the economic crisis that ended with the sharp devaluation at the beginning of 2002.recession; inflation; economic reforms; IMF; Argentina; fiscal policy; devaluation