The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970

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US post-1970 macroeconomic crisis, five in all, induced on the economies of Argentina and Brazil repeatedly similar spills and consequences: falls in levels ofdomestic activity, devaluationof local currencies, increases indomestic interest rates, reductions incash reservesand leaksof capitals. These...

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Autor principal: Vitelli, Guillermo
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) 2015
Materias:
Macroeconomic Crisis
Argentina
Brazil
United States
Crisis macroeconómica
Brasil
Estados Unidos
Acceso en línea:https://ojs.economicas.uba.ar/H-ind/article/view/838
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=838_oai
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Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
id I28-R145-838_oai
record_format dspace
spelling I28-R145-838_oai2025-02-11 Vitelli, Guillermo 2015-12-20 US post-1970 macroeconomic crisis, five in all, induced on the economies of Argentina and Brazil repeatedly similar spills and consequences: falls in levels ofdomestic activity, devaluationof local currencies, increases indomestic interest rates, reductions incash reservesand leaksof capitals. These crisesproducedmost destabi-lizingeffects ifArgentinaand Braziltransitedthe beginnings orrupture ofan adjustment planorthe inter-mediate stage of stabilization. Its effects extended always over time to induce medium-term recessions and install, from permanent reductionsin the value ofthe dollar, the reference currency savings, assetsand busi-nesses, devaluations in that currency holdingsand increase, byderivation, of the price of the assets, and the positioning, in another step,upward, the prices of tradable goods in world markets. Las crisis macroeconómicas estadounidenses posteriores a 1970, cinco en total, indujeron sobre las economías de Argentina y Brasil derrames y consecuencias repetidamente similares: caídas en los niveles de actividad interna, devaluaciones de las monedas locales, incrementos de las tasas de interés internas, mermas en las reservas líquidas y fugas de capitales. Esas crisis poseyeron efectos más desequilibrantes si ambas economías transitaban el inicio o la ruptura de un plan de ajuste o su tramo intermedio de estabilización. Sus efectos se extendieron siempre en el tiempo, al inducir recesiones de mediano plazo e instalar, desde reducciones permanentes en el valor de la moneda estadounidense, la moneda de referencia de ahorros, activos y comercios, desvalorizaciones en las tenencias en esa moneda e incrementar, por derivación, el precio de los activos. A ello se sumó el posicionamiento, en otro escalón, ascendente, de los precios de los bienes comercializables en los mercados mundiales. application/pdf https://ojs.economicas.uba.ar/H-ind/article/view/838 spa Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) https://ojs.economicas.uba.ar/H-ind/article/view/838/1467 H-industria. Journal of the History of Industry and Development in Latin America; No. 17 (9): Segundo semestre de 2015; 1-33 H-industria. Revista de historia de la industria y el desarrollo en América Latina; Núm. 17 (9): Segundo semestre de 2015; 1-33 H-industria. Revista sobre a história da indústria e desenvolvimento na América Latina; n. 17 (9): Segundo semestre de 2015; 1-33 1851-703X Macroeconomic Crisis Argentina Brazil United States Crisis macroeconómica Argentina Brasil Estados Unidos The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970 Las economías de Argentina y Brasil durante las crisis macroeconómicas estadounidenses posteriores a 1970 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=838_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic Macroeconomic Crisis
Argentina
Brazil
United States
Crisis macroeconómica
Argentina
Brasil
Estados Unidos
spellingShingle Macroeconomic Crisis
Argentina
Brazil
United States
Crisis macroeconómica
Argentina
Brasil
Estados Unidos
Vitelli, Guillermo
The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
topic_facet Macroeconomic Crisis
Argentina
Brazil
United States
Crisis macroeconómica
Argentina
Brasil
Estados Unidos
description US post-1970 macroeconomic crisis, five in all, induced on the economies of Argentina and Brazil repeatedly similar spills and consequences: falls in levels ofdomestic activity, devaluationof local currencies, increases indomestic interest rates, reductions incash reservesand leaksof capitals. These crisesproducedmost destabi-lizingeffects ifArgentinaand Braziltransitedthe beginnings orrupture ofan adjustment planorthe inter-mediate stage of stabilization. Its effects extended always over time to induce medium-term recessions and install, from permanent reductionsin the value ofthe dollar, the reference currency savings, assetsand busi-nesses, devaluations in that currency holdingsand increase, byderivation, of the price of the assets, and the positioning, in another step,upward, the prices of tradable goods in world markets.
format Artículo
publishedVersion
author Vitelli, Guillermo
author_facet Vitelli, Guillermo
author_sort Vitelli, Guillermo
title The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
title_short The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
title_full The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
title_fullStr The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
title_full_unstemmed The Economies of Argentina and Brazil during the United States ́s Macroeconomic Crisis after 1970
title_sort economies of argentina and brazil during the united states ìs macroeconomic crisis after 1970
publisher Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL)
publishDate 2015
url https://ojs.economicas.uba.ar/H-ind/article/view/838
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=838_oai
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AT vitelliguillermo economiesofargentinaandbrazilduringtheunitedstatesismacroeconomiccrisisafter1970
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