FinObservatory

Crisis atlas / ARG

Argentina

123 distinct crisis events in 7 episodes, 1828–2016, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

21
Banking crises
29
Currency crises
73
Sovereign debt crises
123
Crisis events
1828–2016
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2016
    Sovereign debtlaeven_valencia, rr2 sources
    Currencyrr1 source
  2. 2015
    Sovereign debtrr1 source
  3. 2014
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencyrr1 source
  4. 2013
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia2 sources
  5. 2012
    Sovereign debtrr1 source
  6. 2011
    Sovereign debtrr1 source
  7. 2010
    Sovereign debtrr1 source
  8. 2009
    Sovereign debtrr1 source
    Currencyrr1 source
  9. 2008
    Sovereign debtrr1 source
  10. 2007
    Sovereign debtrr1 source
  11. 2006
    Sovereign debtrr1 source
  12. 2005
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencyrr1 source
  13. 2004
    Sovereign debtrr1 source
    Currencyrr1 source
  14. 2003
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  15. 2002
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  16. 2001
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencyrr1 source
    Bankinglaeven_valencia, rr2 sources
  17. 2000
    Currencyrr1 source
    Bankinggmd1 source
  18. 1999
    Currencyrr1 source
  19. 1998
    Currencyrr1 source
  20. 1997
    Currencyrr1 source
  21. 1996
    Currencyrr1 source
    Bankingrr1 source
  22. 1995
    Currencyrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  23. 1994
    Currencyrr1 source
  24. 1993
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencyrr1 source
  25. 1992
    Sovereign debtrr1 source
    Currencyrr1 source
  26. 1991
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia1 source
  27. 1990
    Sovereign debtrr1 source
    Bankinglaeven_valencia, rr2 sources
  28. 1989
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Bankinggmd, laeven_valencia, rr3 sources
  29. 1988
    Sovereign debtrr1 source
    Bankingrr1 source
  30. 1987
    Sovereign debtrr1 source
    Currencygmd, laeven_valencia2 sources
    Bankingrr1 source
  31. 1986
    Sovereign debtrr1 source
  32. 1985
    Sovereign debtrr1 source
    Bankinggmd1 source
  33. 1984
    Sovereign debtrr1 source
  34. 1983
    Sovereign debtrr1 source
  35. 1982
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  36. 1981
    Currencygmd, laeven_valencia2 sources
    Bankinglaeven_valencia, rr2 sources
  37. 1980
    Bankinggmd, laeven_valencia, rr3 sources
  38. 1975
    Currencygmd, laeven_valencia2 sources
  39. 1973
    Currencyrr1 source
  40. 1972
    Currencyrr1 source
  41. 1970
    Currencyrr1 source
  42. 1968
    Currencygmd, rr2 sources
  43. 1966
    Currencyrr1 source
  44. 1965
    Sovereign debtrr1 source
  45. 1964
    Sovereign debtrr1 source
  46. 1963
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  47. 1962
    Sovereign debtrr1 source
  48. 1961
    Sovereign debtrr1 source
  49. 1960
    Sovereign debtrr1 source
  50. 1959
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  51. 1958
    Sovereign debtrr1 source
  52. 1957
    Sovereign debtrr1 source
  53. 1956
    Sovereign debtgmd, rr2 sources
  54. 1951
    Sovereign debtgmd, rr2 sources
  55. 1934
    Bankinggmd, rr2 sources
  56. 1931
    Bankingrr1 source
  57. 1930
    Bankinggmd1 source
  58. 1914
    Bankinggmd, rr2 sources
  59. 1893
    Sovereign debtrr1 source
  60. 1892
    Sovereign debtrr1 source
  61. 1891
    Sovereign debtrr1 source
    Bankinggmd, rr2 sources
  62. 1890
    Sovereign debtgmd, rr2 sources
    Bankingrr1 source
  63. 1857
    Sovereign debtrr1 source
  64. 1856
    Sovereign debtrr1 source
  65. 1855
    Sovereign debtrr1 source
  66. 1854
    Sovereign debtrr1 source
  67. 1853
    Sovereign debtrr1 source
  68. 1852
    Sovereign debtrr1 source
  69. 1851
    Sovereign debtrr1 source
  70. 1850
    Sovereign debtrr1 source
  71. 1849
    Sovereign debtrr1 source
  72. 1848
    Sovereign debtrr1 source
  73. 1847
    Sovereign debtrr1 source
  74. 1846
    Sovereign debtrr1 source
  75. 1845
    Sovereign debtrr1 source
  76. 1844
    Sovereign debtrr1 source
  77. 1843
    Sovereign debtrr1 source
  78. 1842
    Sovereign debtrr1 source
  79. 1841
    Sovereign debtrr1 source
  80. 1840
    Sovereign debtrr1 source
  81. 1839
    Sovereign debtrr1 source
  82. 1838
    Sovereign debtrr1 source
  83. 1837
    Sovereign debtrr1 source
  84. 1836
    Sovereign debtrr1 source
  85. 1835
    Sovereign debtrr1 source
  86. 1834
    Sovereign debtrr1 source
  87. 1833
    Sovereign debtrr1 source
  88. 1832
    Sovereign debtrr1 source
  89. 1831
    Sovereign debtrr1 source
  90. 1830
    Sovereign debtrr1 source
  91. 1829
    Sovereign debtrr1 source
  92. 1828
    Sovereign debtgmd, rr2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1828–1857

Sovereign debt
Inflation (% y/y)
-50050100182318281862
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0200400600182318281862

1890–1893

BankingSovereign debt
Inflation (% y/y)
-2002040188518901898
Policy rate (%)
0510188518901898
Govt debt (% of GDP)
050100150188518901898

1914

Banking
Inflation (% y/y)
-2002040190919141919
Policy rate (%)
0510190919141919
Govt debt (% of GDP)
0102030190919141919

1930–1934

Banking
Inflation (% y/y)
-20-1001020192519301939
Policy rate (%)
024192519301939
Govt debt (% of GDP)
0102030192519301939

1951

Sovereign debt
Inflation (% y/y)
02040194619511956
Policy rate (%)
024194619511956
Govt debt (% of GDP)
0102030194619511956

1956–1975

Sovereign debtCurrency
Inflation (% y/y)
0200400600195119561980
Policy rate (%)
0246195119561980
Govt debt (% of GDP)
02040195119561980

1980–2016

BankingCurrencySovereign debtFiscal cost 55.1% of GDP, output loss 58.2% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
-2k02k4k197519802021
Policy rate (%)
0200400600197519802021
Govt debt (% of GDP)
050100150197519802021

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology