INVESTIGADORES
CANTAMUTTO Francisco J.
artículos
Título:
Serial payers, serial losers? The political economy of Argentina?s public debt
Autor/es:
FRANCISCO J. CANTAMUTTO; DANIEL OZAROW
Revista:
Economy & Society
Editorial:
Taylor & Francis
Referencias:
Año: 2016 vol. 45 p. 1 - 25
Resumen:
A global neoliberal architecture has enabled many countries to increase their public debts to meet their fiscal needs. But since 2008 a number of European and North American economies have faced financial crises induced by unsustainable debts. This paper analyses the case of post-default Argentina since 2001, so as to better comprehend the political economy of public debt, especially in cases where governments are elected on anti-austerity platforms. Presidents Néstor and Cristina Kirchner were committed to a debt-reduction policy, yet Argentina faced a new, ?selective?, default in 2014. This paper analyses how the country has been trapped in a cycle of debt dependency, which can only be interrupted by a comprehensive audit of the debt?s legitimacy followed by debt cancellation. Critical lessons are provided for other countries facing similar situations.