History of Creation of the Central Bank of Argentina

Authors

  • Juan Pita University of Buenos Aires, Argentina
  • Patricio Liddle University of Buenos Aires, Argentina

Keywords:

Central Bank, Otto Niemeyer, Raúl Prebisch, Argentina´S Monetary System

Abstract

We performed a retrospective analysis of Argentina’s monetary system, focusing on its limitations to satisfy the requirements of the national economy. We describe the various aspects associated with the need to establish a central bank as the governing body of that system. At the same time we present the different conceptions of functions and objectives of such entity, as reflected in the discussions and draft legislation previous to its creation, taking into account the international context as a guideline to understand these differences. Finally, the paper provides a description of the institution that was finally created and details its first operations and tools for the implementation of monetary policy.

JEL classification: E58 ; N16 ; N26

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Published

2011-12-01

How to Cite

Pita, J. and Liddle, P. (2011) “History of Creation of the Central Bank of Argentina”, Ensayos Económicos, (64), pp. 117–139. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/237 (accessed: 30 April 2025).

Issue

No. 64 (2011): Ensayos Económicos

Section

Articles