Abstract

GAGGERO, Alejandro; GAGGERO, Jorge  and  RUA, Magdalena. The Principal Characteristics and Macroeconomic Impact of Capital Flight in Argentina. Prob. Des [online]. 2015, vol.46, n.182, pp.67-90. ISSN 0301-7036.  https://doi.org/10.1016/j.rpd.2015.06.002.

This paper analyzes the principal characteristics of capital flight in Argentina since the collapse of the convertibility regime and the macroeconomic consequences of this capital flight. Using data on the formation of foreign assets, this article researched the factors that played a role in the most significant episodes of capital flight, which in 2011 obliged the government to enforce strong currency exchange controls to curb the depletion of Central Bank reserves.

Keywords : Capital flight; inflation; currency exchange controls; post-convertibility regime; financial markets.

        · abstract in Spanish | French | Portuguese | Chinese     · text in Spanish     · Spanish ( pdf )