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genus genus Argentina in an stinting talk that traded high quantities of turnout of both products and services at unfair and unrealistic hurts . The extravasate , also called speculative bubble , market bubble , terms bubble , fiscal bubble , or speculative alienation , had promoted a false economicalal , political and financial stability . Supported by incoming subsidies and loans from the IMF and other international financial organizations , the bubble grew bigger and bigger . The speculative mania was crotchet to meeting its end in 1998 , but the International financial line prevented this from happening by increasing the amounts of money allocated to Argentina . But the burst could not be prevented forever , and when the economic bubble finally burst in December 2001 , it had fatal effectsIn 2002 , the Argen tinian government finally renounced the one to one peso dollar convertibility , setting the price of the United States dollar at 1 .4 pesos . After this measure was taken , the inflation in Argentina began to decrease steadilyArgentina was at least forced to hover the reality of its economic instability and defaulted the 141 billion debt to the International pecuniary parentage .

When Argentina defaulted on a 141 billion-dollar debt it conceded its position as the IMF s poster child and the IMF suspended disbursementsThe International Monetary Fund was severely criticized for having contributed to the Argentine ma rket crush of 2001 by go on its loans towar! ds an unstable economy . Many argued that instead of aiding the needing countries , as they obligation in their mission statement , to provide assistant to worthless countries for development programs and promotion of economic stability in the global economy , the IMF had done just the opposite and contributed to the economic twilight of ArgentinaThe market crush of 2001 , built on a serial publication of rush decisions made by the Argentine government , economic institutions , the International Monetary Fund and...

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