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BONEX Plan, the Glossary

The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990.^[1]

54 relations: Antonio Erman González, Argentine austral, Argentine peso (1983–1985), Austral plan, Automated teller machine, Balance of payments, Bond (finance), Brady Bonds, Bunge & Born, Carlos Menem, Central Bank of Argentina, Clarín (Argentine newspaper), Commercial bank, Constitutionality, Convertibility plan, Currency substitution, Decree, Deficit spending, Deflation, Domingo Cavallo, Economy of Argentina, Escuela Superior Politécnica del Litoral, Federal Reserve Bank of Minneapolis, Government debt, Heterodox economics, Hyperinflation, Indexation, International Monetary Fund, Invitation to tender, Justicialist Party, Market run, Ministry of Economy (Argentina), Money supply, National Congress of Argentina, Neil Wallace, Par value, Plano Collor, President of Argentina, Public Sector Net Cash Requirement, Raúl Alfonsín, Radical Civic Union, Rodrigazo, Spring plan, Sterilization (economics), Supreme Court of Argentina, Thomas J. Sargent, Time deposit, Torcuato di Tella University, University of CEMA, World Bank, ... Expand index (4 more) »
1990 in Argentina
1990s in economic history
Economic history of Argentina
Inflation in Argentina
Presidency of Carlos Menem

Antonio Erman González

Antonio Erman González (16 May 1935 – 2 February 2007) was an Argentine politician.

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Argentine austral

The austral was the currency of Argentina between June 15, 1985, and December 31, 1991.

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Argentine peso (1983–1985)

The peso argentino was the currency of Argentina between June 1, 1983, and June 14, 1985. BONEX Plan and argentine peso (1983–1985) are economic history of Argentina.

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The Austral plan (Plan Austral) was an Argentine economic plan devised by minister Juan Vital Sourrouille during the presidency of Raúl Alfonsín. BONEX Plan and Austral plan are economic history of Argentina and inflation in Argentina.

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Automated teller machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

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Balance of payments

In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.

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Bond (finance)

In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time).

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Brady Bonds

Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s.

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Bunge & Born

Bunge & Born was a multinational corporation based in Buenos Aires, Argentina, whose diverse interests included food processing and international trade in grains and oilseeds.

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Carlos Menem

Carlos Saúl Menem (2 July 1930 – 14 February 2021) was an Argentine lawyer and politician who served as the president of Argentina from 1989 to 1999.

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Central Bank of Argentina

The Central Bank of the Argentine Republic (Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity.

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Clarín (Argentine newspaper)

Clarín is the largest newspaper in Argentina and the second most circulated in the Spanish-speaking world.

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Commercial bank

A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.

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Constitutionality

In constitutional law, constitutionality is said to be the condition of acting in accordance with an applicable constitution; the status of a law, a procedure, or an act's accordance with the laws or set forth in the applicable constitution.

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Convertibility plan

The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. BONEX Plan and Convertibility plan are economic history of Argentina and presidency of Carlos Menem.

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Currency substitution

Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency.

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Decree

A decree is a legal proclamation, usually issued by a head of state, judge, royal figure, or other relevant authorities, according to certain procedures.

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Deficit spending

Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit, the opposite of budget surplus.

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Deflation

In economics, deflation is a decrease in the general price level of goods and services.

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Domingo Cavallo

Domingo Felipe Cavallo (born July 21, 1946) is an Argentine economist and politician.

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Economy of Argentina

The economy of Argentina is the second-largest national economy in South America, behind Brazil.

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Escuela Superior Politécnica del Litoral

The Escuela Superior Politécnica del Litoral (ESPOL) is a public university located in Guayaquil, Guayas Province in Ecuador.

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Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis, located in Minneapolis, Minnesota, in the United States, covers the 9th District of the Federal Reserve, which is made up of Minnesota, Montana, North and South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan.

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Government debt

A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector.

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Heterodox economics

Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.

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Hyperinflation

In economics, hyperinflation is a very high and typically accelerating inflation.

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Indexation

Indexation is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflation, while deindexation is the unwinding of indexation.

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International Monetary Fund

The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.

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Invitation to tender

An invitation to tender (ITT, also known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ).

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Justicialist Party

The Justicialist Party (Partido Justicialista,; abbr. PJ) is a major political party in Argentina, and the largest branch within Peronism.

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Market run

A market run or run on the market occurs when consumers increase purchasing of a particular product because they fear a shortage.

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Ministry of Economy (Argentina)

The Ministry of Economy (Ministerio de Economía) of Argentina is the country's state treasury and a ministry of the national executive power that manages economic policy.

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Money supply

In macroeconomics, money supply (or money stock) refers to the total volume of money held by the public at a particular point in time.

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National Congress of Argentina

The National Congress of Argentina (Congreso de la Nación Argentina) is the legislative branch of the government of Argentina.

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Neil Wallace

Neil Wallace (born 1939) is an American economist and professor of economics at Penn State University.

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Par value

In finance and accounting, par value means stated value or face value of a financial instrument.

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Plano Collor

The Collor Plan (Plano Collor), is the name given to a collection of economic reforms and inflation-stabilization plans carried out in Brazil during the presidency of Fernando Collor de Mello, between 1990 and 1992. BONEX Plan and plano Collor are 1990s in economic history.

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President of Argentina

The president of Argentina (Presidente de Argentina; officially known as the president of the Argentine Nation Presidente de la Nación Argentina.) is both head of state and head of government of Argentina.

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Public Sector Net Cash Requirement

The Public Sector Net Cash Requirement (PSNCR), formerly known as the Public Sector Borrowing Requirement (PSBR), is the official term for the Government budget deficit in the United Kingdom, that is to say the rate at which the British Government must borrow money in order to maintain its financial commitments.

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Raúl Alfonsín

Raúl Ricardo Alfonsín (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as President of Argentina from 10 December 1983 to 8 July 1989.

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Radical Civic Union

The Radical Civic Union (Unión Cívica Radical, UCR) is a centrist and liberal political party in Argentina.

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Rodrigazo

Rodrigazo is the name given to a group of economic policies announced in Argentina on June 4, 1975, and their immediate aftermath.

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Spring plan

The Spring plan (Plan primavera) was an Argentine economic plan designed during the presidency of Raúl Alfonsín. BONEX Plan and Spring plan are economic history of Argentina and inflation in Argentina.

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Sterilization (economics)

In macroeconomics, sterilization is action taken by a country's central bank to counter the effects on the money supply caused by a balance of payments surplus or deficit.

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Supreme Court of Argentina

The Supreme Court of Argentina (Corte Suprema de Argentina), officially known as the Supreme Court of Justice of the Argentine Nation (Corte Suprema de Justicia de la Nación Argentina, CSJN), is the highest court of law of the Argentine Republic.

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Thomas J. Sargent

Thomas John Sargent (born July 19, 1943) is an American economist and the W.R. Berkley Professor of Economics and Business at New York University.

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Time deposit

A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term".

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Torcuato di Tella University

The Torcuato Di Tella University is a non-profit private university in Buenos Aires, Argentina.

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University of CEMA

The University of CEMA is a private university in Buenos Aires, Argentina.

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World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

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1985 Argentine legislative election

The Argentine legislative elections of 1985 were held on 3 November.

See BONEX Plan and 1985 Argentine legislative election

1987 Argentine legislative election

The Argentine legislative elections of 1987 were held on 6 September.

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1989 Argentine general election

The Argentine general election of 1989 was held on 14 May 1989. BONEX Plan and 1989 Argentine general election are presidency of Carlos Menem.

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1989 riots in Argentina

The 1989 riots were a series of riots and related episodes of looting in stores and supermarkets in Argentina, during the last part of the presidency of Raúl Alfonsin, between May and June 1989. BONEX Plan and 1989 riots in Argentina are 1990 in Argentina and inflation in Argentina.

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References

[1] https://en.wikipedia.org/wiki/BONEX_Plan

Also known as Plan BONEX.

, 1985 Argentine legislative election, 1987 Argentine legislative election, 1989 Argentine general election, 1989 riots in Argentina.

BONEX Plan, the Glossary

Table of Contents

See also

1990 in Argentina

1990s in economic history

Economic history of Argentina

Inflation in Argentina

Presidency of Carlos Menem

References