Milei’s Quest to Stabilize Argentina’s Economy by Re-establishing Trust and Dollarizing

Authors

  • Caroline Bleichmar Horace Mann School

DOI:

https://doi.org/10.47611/jsrhs.v13i4.7516

Keywords:

Argentina, Milei, Dollarization, Debt

Abstract

In Argentina, high inflation and poor economic decisions cause the value of the Argentine Peso to be very volatile and lose value. This instability not only limits the use of the Peso but also strains the relationship between the Argentine citizens and their government. Although the government understands the country’s economic issues, prior administrations have been unable to solve the problem but rather forced the citizens into further economic stress. Nevertheless, Javier Milei, Argentina’s new “radical” president, seems to understand how to stabilize the Argentine economy. 

Downloads

Download data is not yet available.

References or Bibliography

Alcoba, Natalie. “In Argentina, Inflation Passes 100% (and the Restaurants Are Packed).” The New York Times, 19 June 2023, www.nytimes.com/2023/06/19/world/americas/argentina-inflation-Peso-restaurants.html. Accessed 4 Jan. 2024.

Buenos Aires Times Authors. “Argentines recall nation’s worst ever crisis, 20 years on.” Buenos Aires Times, 18 Dec. 2021, https://www.batimes.com.ar/news/argentina/argentines-recall-nations-worst-ever-crisis-20-years-on.phtml. Accessed 27 Feb. 2024.

Campos, Rodrigo. “Dollarization, devaluation, debt: potential traps for Argentina investors.” Reuters, 20 Oct. 2023, www.reuters.com/world/americas/dollarization-devaluation-debt-potential-traps-argentina-investors-2023-10-20/. Accessed 4 Jan. 2024.

Cowen, Tyler. “How Argentina Could Still Convert to the Dollar.” Bloomberg, 28 Nov. 2023, www.bloomberg.com/opinion/articles/2023-11-28/there-s-only-one-way-for-argentina-to-dollarize-messily. Accessed 27 Feb. 2024.

Coy, Peter. “In Argentina, the U.S. Dollar Could Soon Become King.” The New York Times, Oct. 6. 2023, www.nytimes.com/2023/10/06/opinion/argentina-us-dollar.html. Accessed 27 Feb. 2024.

Economist Authors A. “After 100 brutal days, Javier Milei has markets believing: Argentines have not given up on him either.” The Economist, 19 Mar. 2024, https://www.economist.com/the-americas/2024/03/19/after-100-brutal-days-javier-milei-has-markets-believing

Economist Authors B. “Can Javier Milei's radical libertarianism save Argentina?” The Economist. www.economist.com/leaders/2023/09/07/can-javier-mileis-radical-libertarianism-save-argentina. Accessed 4 Jan. 2024.

IMF Author. “The Role of the IMF in Argentina, 1991-200.” International Monetary Fund, July 2003, www.imf.org/external/np/ieo/2003/arg/index.htm. Accessed 27 Feb. 2024.

Nicas, Jack. “In Country Where Houses Are Bought in $100 Bills, Plans for Sweeping Change.” The New York Times, 24 Nov. 2023, www.nytimes.com/2023/11/24/world/americas/argentina-economy-Peso-dollar-javier-milei.html. Accessed 4 Jan. 2024.

O'Grady, Mary Anastasia. “Argentina's Big Dollarization Risk.” Wall Street Journal, 26 Nov. 2023, www.wsj.com/articles/argentinas-big-dollarization-risk-central-banking-policy-milei-287d02b5. Accessed 4 Jan. 2024.

Stewart, Emily. “What it looks like when a country doesn’t trust its banks.” Vox, 23 Mar. 2023, https://www.vox.com/money/2023/3/23/23649926/argentina-economy-explained-dollar-blue-inflation. Accessed 27 Feb. 2024.

Vice News, Author. “Living With Nearly 100% Inflation.” Vice, 14 Jan. 2023, https://www.youtube.com/watch?v=Q3FGZTN9rwk. Accessed 30 Apr. 2024.

Ziady, Hanna. “Can Argentina Really Move from the Peso to the Dollar?” CNN, 20 Nov. 2023, www.cnn.com/2023/11/20/economy/argentina-Peso-dollar/index.html#:~:text=Dollarization%20means%20Argentina%20would%20give,to%20the%20US%20Federal%20Reserve. Accessed 4 Jan. 2024.

Published

11-30-2024

How to Cite

Bleichmar, C. (2024). Milei’s Quest to Stabilize Argentina’s Economy by Re-establishing Trust and Dollarizing . Journal of Student Research, 13(4). https://doi.org/10.47611/jsrhs.v13i4.7516

Issue

Section

HS Research Projects