FinObservatory

Crisis atlas / ARG / 1956–1975

Argentina, 1956–1975

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debtCurrency

Crisis years in this episode

Every distinct (year, type) event inside the 1956–1975 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1956
    Sovereign debtgmd, rr2 sources
  2. 1957
    Sovereign debtrr1 source
  3. 1958
    Sovereign debtrr1 source
  4. 1959
    Currencygmd, rr2 sources
    Sovereign debtrr1 source
  5. 1960
    Sovereign debtrr1 source
  6. 1961
    Sovereign debtrr1 source
  7. 1962
    Sovereign debtrr1 source
  8. 1963
    Currencygmd, rr2 sources
    Sovereign debtrr1 source
  9. 1964
    Sovereign debtrr1 source
  10. 1965
    Sovereign debtrr1 source
  11. 1966
    Currencyrr1 source
  12. 1968
    Currencygmd, rr2 sources
  13. 1970
    Currencyrr1 source
  14. 1972
    Currencyrr1 source
  15. 1973
    Currencyrr1 source
  16. 1975
    Currencygmd, laeven_valencia2 sources

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

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt and currency crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 1949–1982

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Argentina in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Inflation (% y/y)
0200400600194919561982
Real GDP growth (% y/y)
-1001020194919561982
Policy rate (%)
0246194919561982
Govt debt (% of GDP)
0204060194919561982
Unemployment (%)
02.557.5194919561982
Current account (% of GDP)
-10-505194919561982

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1956
  • Reinhart-Rogoff1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, 1964, 1965
Currency
  • Global Macro Database1959, 1963, 1968, 1975
  • Reinhart-Rogoff1959, 1963, 1966, 1968, 1970, 1972, 1973
  • Laeven-Valencia1975

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

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.