Serial payers, serial losers? The political economy of Argentina's public debt
Article
Cantamutto, F. and Ozarow, D. 2016. Serial payers, serial losers? The political economy of Argentina's public debt. Economy and Society. 45 (1), pp. 123-147. https://doi.org/10.1080/03085147.2016.1161118
Type | Article |
---|---|
Title | Serial payers, serial losers? The political economy of Argentina's public debt |
Authors | Cantamutto, F. and Ozarow, D. |
Abstract | Global neoliberal architecture has allowed countries to increase their debts to meet their needs. But ever since 2008, many European and North American countries 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 why the country has inevitably trapped itself in a cycle of debt-dependency, which can only by interrupted by a comprehensive audit of its legitimacy followed by debt cancellation. Critical lessons are provided for other countries facing similar situations. |
Keywords | Argentina; public debt; external debt; neoliberalism; default; vulture funds |
Research Group | Law and Politics |
Publisher | Taylor & Francis (Routledge) |
Journal | Economy and Society |
ISSN | 0308-5147 |
Electronic | 1469-5766 |
Publication dates | |
Online | 19 Apr 2016 |
02 Jan 2016 | |
Publication process dates | |
Deposited | 19 Apr 2016 |
Accepted | 23 Feb 2016 |
Output status | Published |
Publisher's version | License File Access Level Open |
Accepted author manuscript | File Access Level Restricted |
Copyright Statement | © 2016 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group |
Digital Object Identifier (DOI) | https://doi.org/10.1080/03085147.2016.1161118 |
Scopus EID | 2-s2.0-84963830065 |
Web of Science identifier | WOS:000374894800006 |
Related Output | |
Has metadata | http://www.scopus.com/inward/record.url?eid=2-s2.0-84963830065&partnerID=MN8TOARS |
Language | English |
https://repository.mdx.ac.uk/item/86478
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Publisher's version
Cantamutto-Ozarow-2016-Serial_payers_serial_losers.pdf | ||
License: CC BY-NC-ND 4.0 | ||
File access level: Open |
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