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Dilemma in Cycles: An Analysis of Argentina Economy from Interest Rate Volatility

DOI: 10.12677/ETW.2019.92002, PP. 11-19

Keywords: 阿根廷,利率,债务危机,通货膨胀,货币贬值
, Interest Rates, Debt Crisis, Inflation, Currency Devaluation

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Argentina, once one of the world’s fastest growing economies, stands out today for its super-high interest rates. This paper attempts to select and analyze the historical and policy background of Argentina’s interest rate volatility and ultra-high interest rate from 1979 to 2018. Through the summary of related factors, we can know that the economy actually fell into the history of reincar-nation of “the debt crisis-capital outflows-to borrow-debt development”. The role of ultra-high in-terest rate is the government’s control means to deal with the inflation caused by the falling ex-change rate and currency devaluation, which is only a drop in the bucket for structural problems. Under the current unfair and unbalanced international economic order, Argentina cannot escape the historical cycle without completely abandoning the completely dependent economic structure.


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