WorldCat Identities

Della Paolera, Gerardo 1959-

Overview
Works: 17 works in 105 publications in 2 languages and 2,343 library holdings
Genres: History 
Roles: Author, Editor
Classifications: HG1464, 339.530982
Publication Timeline
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Most widely held works by Gerardo Della Paolera
Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 by Gerardo Della Paolera( Book )

13 editions published in 2001 in English and held by 364 WorldCat member libraries worldwide

The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversion, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted."--Jacket
A new economic history of Argentina( Book )

18 editions published between 2003 and 2007 in English and held by 325 WorldCat member libraries worldwide

"Scholars, policymakers, and laymen alike have been struck by the Argentine puzzle: why has this country of recent European settlement and rich endowments stagnated economically for so long? The answers will not arrive from an examination of the last week's newspapers, the last year's policy choices, or the last decade's economic trends. A longer view is needed, and these essays present a state-of-the-art examination of the development record by today's leading specialists in Argentine economic history. The authors expose the historic dimension of the Argentine puzzle - and, it is hoped, provide some of the answers."--Jacket
Economic recovery from the Argentine great depression : institutions, expectations and the change of macroeconomic regime by Gerardo Della Paolera( Book )

14 editions published between 1998 and 2000 in English and held by 76 WorldCat member libraries worldwide

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and had little power to smooth output. Monetary policy became heterodox after 1929. The first and most important stage of institutional change took place with the switch from a metallic monetary regime to a fiduciary regime in 1931; the Caja de Conversion (Conversion Office, a currency board) began rediscounting as a means to sterilize gold outflows and avoid deflationary pressures, thus breaking from orthodox game. and were not enough to fully offset the incipient monetary contractions: the recovery derived from changes in beliefs and expectations surrounding the shift in the monetary and exchange-rate regime, and the delinking of gold flows and the money base. Agents perceived a new regime, as shown by the path of consumption, investment, and estimated ex ante real interest rates: the predated a later, and supposedly more significant, stage of institutional reform, namely the creation of the central bank in 1935. Still, the extent of intervention was weak, and insufficient to fully offset external shocks to prices and money. Argentine macropolicy was heterodox in terms of the change of regime, but still conservative in terms of the tentative scope of the measures taken
Finance and development in an emerging market : Argentina in the interwar period by Gerardo Della Paolera( Book )

13 editions published in 1997 in English and held by 69 WorldCat member libraries worldwide

Internal versus external convertibility and developing-country financial crises : lessons from the Argentine bank bailout of the 1930s by Gerardo Della Paolera( Book )

15 editions published in 1999 in English and held by 64 WorldCat member libraries worldwide

Argentina's money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets that built up in the 1920's. Gold convertibility was suspended in December 1929, even before the crisis seriously damaged the core economies. Commonly, these events are seen as being driven by external real shocks associated with the World Depression, despite the puzzle of the timing. We argue for an alternative, or complementary, explanation of the crisis that focuses on the inside-outside money relationship in a system of fractional-reserve banking and gold-standard rules. This internal explanation for the crisis involves no timing puzzle. The tension between internal and external convertibility can be felt when banks fall into bad times, and an internal drain can feed an external drain. Such was the case after financial fragility appeared in the 1914-27 suspension. Resumption in 1928 was probably unsustainable due to the problems of the financial system, and a dynamic model illustrates the point well. The resolution of the crisis required lender-of-last-resort actions by the state, discharged at first by the state bank issuing rediscounts to private banks. When the state bank became insolvent, the currency board started bailing out the system using high-powered money. Thus came about the demise of the currency board and the creation of a central bank in 1935, an institution that had no pretense of a nominal- anchor commitment device and no ceiling on lender-of-last-resort actions-innovations with painful long-run consequences for inflation performance and financial-sector health. As one of its first substantive actions, the central bank engineered a bailout of the banking system at a massive social cost. The parallels with recent developing-country crises are remarkable, and the implications for the institutional design of monetary and banking systems are considered
Gaucho banking redux by Gerardo Della Paolera( Book )

12 editions published in 2003 in English and held by 46 WorldCat member libraries worldwide

Argentina's economic crisis has strong similarities with previous crises stretching back to the nineteenth century. A common thread runs through all these crises: the interaction of a weak, undisciplined, or corruptible banking sector, and some other group of conspirators from the public or private sector that hasten its collapse. This pampean propensity for crony finance was dubbed gaucho banking' more than one hundred years ago. What happens when such a rotten structure interacts with a convertibility plan? We compare the 1929 and 2001 crises the two instances where rigid convertibility plans failed and reach two main conclusions. First, a seemingly robust currency-board can be devastated by an ill-conceived approach to the problems of internal and external convertibility (or, to rephrase Gresham, bad inside money drives out good outside money'). Second, when modern economic orthodoxy collides with caudillo-style institutional backwardness, a desperate regime with its hands tied in both monetary and fiscal domains will be sorely tempted by a capital levy' on the financial sector (for, as Willie Sutton said when asked why he robbed banks, because that's where the money is)
Tensando el ancla : la Caja de Conversión argentina y la búsqueda de la estabilidad macroeconómica, 1880-1935 by Gerardo Della Paolera( Book )

5 editions published in 2003 in Spanish and held by 13 WorldCat member libraries worldwide

How the Argentine economy performed during the international gold standard : a reexamination by Gerardo Della Paolera( )

2 editions published between 1988 and 1989 in English and held by 7 WorldCat member libraries worldwide

Sovereign Debt in Latin America, 1820-1913 by Gerardo Della Paolera( Book )

4 editions published in 2012 in English and held by 4 WorldCat member libraries worldwide

This paper examines sovereign lending to Latin America and the Caribbean from 1820 to 1913. We examine four waves of capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept promising high returns that attracted international investors again and again: financial autarky thus gave way to eras of high integration to global markets as measured by sovereign risk pricing. We discuss imperfections of the sovereign debt institutional context in the region and discuss a menu of options that some countries used to seek funds in the global financial markets after defaults. The parallel with the modern Latin American and Caribbean sovereign bond market experience is striking -- National Bureau of Economic Research web site
Internal versus external convertibility and developing-country finansial crises : lessons form the Argentine bank bailout of the 1930s by Gerardo Della Paolera( Book )

1 edition published in 1999 in English and held by 2 WorldCat member libraries worldwide

Sovereign Debt in Latin America, 1820â??1913( Book )

1 edition published in 2012 in English and held by 2 WorldCat member libraries worldwide

Abstract: This paper examines sovereign lending to Latin America and the Caribbean from 1820 to 1913. We examine four waves of capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept promising high returns that attracted international investors again and again: financial autarky thus gave way to eras of high integration to global markets as measured by sovereign risk pricing. We discuss imperfections of the sovereign debt institutional context in the region and discuss a menu of options that some countries used to seek funds in the global financial markets after defaults. The parallel with the modern Latin American and Caribbean sovereign bond market experience is striking
A new economic history of Argentina( Visual )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

A new economic history of Argentina( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Una contribución al estudio de la economía de las artes con algunas aplicaciones al mercado argentino by Juan Pablo Nicolini( Book )

1 edition published in 2000 in Spanish and held by 1 WorldCat member library worldwide

Passing the buck: monetary and fiscal policies by Gerardo Della Paolera( )

1 edition published in 2011 in English and held by 0 WorldCat member libraries worldwide

A new history of Argentina( Book )

1 edition published in 2003 in English and held by 0 WorldCat member libraries worldwide

Finance and Development in an Emerging Market : Argentina and the Interwar Period( )

2 editions published in 1997 in English and held by 0 WorldCat member libraries worldwide

The long-run economic performance of Argentina since World War One has been relatively disappointing until recently. Yet, in the interwar period, signs of future retardation and" recurring crises were not so obvious. It is often claimed that an unmitigated success was the" remarkably rapid growth of domestic financial markets. In conventional models deepening industrializing economy such as" Argentina's. Yet the promise of this trend was unfulfilled: first the outbreak of World War One" and then the Great Depression proved a setback for the fledgling financial system deterioration set in after 1940. In this paper we trace the course of financial development using" historical and international comparisons and we analyze both macro- and microeconomic aspects" of financial intermediation
 
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Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935
Alternative Names
DellaPaolera, Gerardo 1959-

Paolera, Gerardo della 1959-

Languages
Covers
A new economic history of ArgentinaTensando el ancla : la Caja de Conversión argentina y la búsqueda de la estabilidad macroeconómica, 1880-1935A new economic history of ArgentinaA new economic history of ArgentinaA new history of Argentina