ARGENTINA 2001-2009: THE LAST DECADE UNDER THE MICROSCOPE

Buenos Aires, December 2001. The Argentine government announces the suspension of payments on around 144 billion dollars of foreign debt in the largest sovereign default in history. Soon after, a devastating monetary, economic and financial crisis bursts and within hours, tango bonds are waste-paper, the national currency loses 75% of its value, bank accounts are frozen and thousands of businesses go bankrupt, throwing millions of people fall below the official poverty line.

The country implodes and the whole economic, social and political system collapses.

How all this could have happened? Why such a catastrophic but predictable meltdown has not been avoided? What has been the role of the local political class? What that of the international financial community? What did the country do to find its way out of such a meltdown and what is it doing today to face the present global recession?

Ten years after the devastating events of 2001, Rosanna Zaza (Argentina 2001-2009: From the financial crisis to the present - Altrimedia Edizioni, 112 pp, € 24) traces back the argentine crack of 2001 in a clear and easy-to-read essay, and investigates roles, dynamics, causes and consequences of one of the most devastating economic collapses of the last decade. A sharp and detailed analysis that comes up in a moment when merciless financial speculation and monetary rigidity ties, and the risk of default along with them, are again at work at the very heart of the rich and well-off Europe.

«A complete and well documented essay on one of the most dramatic financial and economic crisis of the last ten years. A must read for anyone interested in how wrong choices of economic policy might lead to the collapse of a country.» (Alessandro Spaventa, Economist, expert in International Policy and CEO of Internazionale)

«This work represents an extremely thorough, well-documented study of an event that has changed the lives of some 35 million people in Argentina, plus those of all those affected by the country’s sovereign default» (Silvia Pulino, Assistant Professor at John Cabot University and Professor of Finance at Link Campus University)

«When I started investigating the Argentina’s 2001 financial crisis, I spent a great share of my time gathering and analyzing reviews, reports, papers and articles by economists, think tanks and major institutes in the economics and financial field. Hence when I finished the work, I realized that it ended up summarizing a wide part of Argentine 2001 crisis’ economic literature. Probably, in this lies its real contribution to such an important issue» (Rosanna Zaza, Author)

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Title: Argentina 2001-2009.
From the financial crisis to the present
Author: Rosanna Zaza
Publisher: Altrimedia edizioni
Year: 2011
Pages: 112
Language: English
EAN: 9788896171387

Price: € 24,00

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How to buy

The book is available for sale on:  Dea Store (Free worldwide shipment by mail)

You can also order it in every book store or via e-mail at edizioni@altrimedia.net

edizioni@altrimedia.net