Executive summary:

Argentina’s current crisis resulted from a confluence of events, some external to
Argentina’s policy process, others directly related to its political and economic choices.
Although it is not easy to discern at what specific point in time Argentina’s economic
situation turned into a crisis, it is clear that by early 2001, political, economic and social
events had taken a significant turn for the worse. The following is a summary of these
events from before Argentina’s adoption of the currency board in 1991 to developments
in early 2002. This report will be updated periodically.
http://fpc.state.gov/documents/organization/8040.pdf