The Argentine Financial Crisis

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The Argentine financial crisis took place between 1999 and 2002. However, events dating back to 1990 help in understanding why the crisis happened, and would help prevent it from happening again. In 1990 Argentina was in a recession. To solve this problem the Argentine government implemented the Convertibility Plan. Within a year the country was experiencing exceptional improvement, and the economy continued to grow until 2004. In 2005 the Tequila crisis in Mexico triggered a recession in Argentina; however, the co…