Abstract
Abstract. This paper examines Argentina’s Caja de Conversión in 1907 and 1908, when a financial panic affected a number of other financial markets. Through an analysis of the Caja’s monthly balance sheets (digitized in an accompanying workbook), it tests the degree of the Caja’s currency board orthodoxy and analyzes the effects of the panic on the Argentine economy.
Keywords. Argentina, Caja de Conversión, currency board, 1907.
JEL. N16.References
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