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Copyright of Revista Derecho del Estado is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The purpose of this paper is to analyze the role of the State in Argentina in the last three decades, based on oil policies, in order to understand its different transformations. The 90s were characterized by an abrupt referential change in the role of the state but especially in the productive and regulatory capacity on hydrocarbons. Despite of the neoliberal paradigm crisis on the beginning of the new millennium, energy policies on hydrocarbons still maintained the previous referential sector strategies. From the analysis of documentary sources and quantitative data, this paper aims to demonstrate how oil policy remains managed by market forces despite the fact that 51 % of Yacimientos Petrolíferos Fiscales (YPF) shares were purchased by the State. [ABSTRACT FROM AUTHOR]

Historically, financial instability has been encouraged changes in the regulation of banking institutions. This paper deals with the first banking experiences occurred in Argentina, Brazil, Spain and Portugal and their crises in the first half of the 19th century. As issuing banks, the main obstacle that these institutions had to overcome was to guarantee the convertibility of their bank notes. In all countries the state intervened, initially and in general, granting the issuing privilege in exchange for economic favors. This had a negative impact on the first banking experiences, mostly unsuccessful. The surviving banks received support from the state to continue, but also had more restrictive regulations regarding issuance. In the analyzed cases, the banking crises produced changes in the regulation of banks. [ABSTRACT FROM AUTHOR]

In 1981 Chile began a wave of privatization and market-friendly reforms of social security systems in Latin America; Argentina did the same in 1993. In 2008, Chile and Argentina reformed their pension systems again. Chile maintains the private capitalization system complemented with a basic pension and solidarity payments while Argentina eliminated the capitalization pillar and replaced it by a single integrated delivery system publicly administered. This paper analyzes the policy reforms of pension systems as a result of the comparison between countries, as well as between market and state led reforms and state led reforms: Chile (1981 and 2008) and Argentina (1993 and 2008). [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

El artículo discurre sobre la relación entre la política fiscal, el consumo y la inversión en Argentina. El autor comenta sobre los aspectos macroeconómicos de estos variables y describe el crecimiento económico en el país a consecuencia de la demanda. También se consideran varias análisis econométricas.

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)