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Globalization, the IMF, and International Banks in Argentina: The Model Economic Crisis examines the meaning of mainstream globalization and how it relates to neoliberalism as policymakers, international financiers, and the mainstream press combat populist attempts to de-globalize. Christian Hernandez chronicles the failures of mainstream globalism- and its resilience. Hernandez examines the case of Argentina as a microcosm of political, economic, and financial distress that has now spread to the United States and Europe. Specifically, it examines how the financial press narrated the globalization of Argentine banks and the Argentine Great Depression shortly thereafter. The book also analyzes over 32 years of IMF-Argentine consultations. This includes the IMF's return under Mauricio Macri; proving globalization is not dead. Scholars of economics, Latin American studies, and political science will find this book particularly useful.
List of contents
Chapter 1: Globalization and Argentina: An Introduction
Chapter 2: Globalization and Ideas Still Matter... and so do Material Factors
Chapter 3: The IMF's early approach: analyzing IMF-Argentine negotiations from 1976-1989
Chapter 4: The Great 'Globalizer': IMF-Argentine Negotiations under Carlos Menem (1989-1999)
Chapter 5: A Requiem for Flexibility: IMF-Argentine Negotiations during the Crisis (2001-2006)
Chapter 6: From Mergers to Early Fissures: The Case of Scotiabank and Citibank (1997-2001)
Chapter 7: Discourses during the Argentine Great Depression: capital controls and Scotia's Default
Chapter 8: Discourses in Default: Chronicling the Collapse and Exit of Scotiabank and Crédit Agricole
About the author
By Christian Hernandez
Summary
This book examines how the ideas, interests, and biases of international financial institutions, private banks, and the press affect economic and political change during periods of crisis. It suggests that the monetary and financial trials of Argentina then and now serve as a microcosm for the Western world’s current backlash against globalization.
