The case tracks the path followed by the Argentina to originate such a monetary system under populist pressures that could uplift the country’s economy. It also defines the recurrent use of exchange rate stabilization plans. The case has twofold focus at the times when the country faced “too little money” in the economy: during the late 1980’s when there was the hyperinflation, when the demand of money significantly declined and in the early 2000’s when the supply of money declined under a hard exchange rate.
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