The Origin of Argentina’s Sterling Balances, 1939–43

  • Jorge Fodor
Part of the St Antony’s book series


Sterling balances have played an extremely important role in the determination of the postwar course of Argentine economic policy. In particular they strongly influenced the external economic policy of the first Perón government and contributed to the diffidence felt in influential quarters in Argentina towards further integration into the world economy. In some extreme moments it was felt even that there was not much difference between exporting to Britain for sterling and dumping products into the sea.1


Political Economy External Debt British Official Argentine Government Dollar Reserve 
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  1. 2.
    W. K. Hancock and M. M. Gowing, British War Economy (London, 1953 edn) pp. 101–2.Google Scholar
  2. 5.
    R. S. Sayers, The Bank of England 1891–1944, vol. 2 (Cambridge, 1976) p. 518;Google Scholar
  3. A. Plumptre, Central Banking in the British Dominions (Toronto, 1947) pp. 147–8.Google Scholar
  4. 13.
    R. S. Sayers, Financial Policy 1939–45 (London: HMSO, 1956) p. 338.Google Scholar
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    David Dilks (ed.), The Diaries of Sir Alexander Cadogan, 1938–45 (London, 1971) p. 292.Google Scholar
  6. 17.
    Pavel Egoroff, Argentina’s Agricultural Exports during World War II (Stanford, Calif., 1945) pp. 9–11.Google Scholar
  7. 38.
    R. Prebisch, ‘La inspección de bancos y la oficina de investigaciones económicas. Conversaciones en el Banco de México’, 7 Mar. 1944, in La creación del Banco Central y la experiencia monetaria argentina entre los años 1935–1943, vol. 2 (Buenos Aires, 1972) p. 621.Google Scholar

Copyright information

© St Antony’s College, Oxford 1986

Authors and Affiliations

  • Jorge Fodor

There are no affiliations available

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