A Study on the Historical Roots and Coping Strategies of Argentina's External Debt Crisis

At present, the scale and impact of the external debt crisis in debt-troubled countries worldwide have gradually become the focus of international attention. Among them, Argentina's external debt crisis has become a widely discussed economic issue due to its severity and recurrence. This paper combs and studies the 2001 Argentine external debt crisis, analyzes in detail the historical roots and current situation of the crisis, and proposes corresponding solutions based on this. First, this paper combines domestic and international backgrounds to discover the imbalanced economic structure, imperfect financial system, and structural problems in fiscal policy and debt implied by the external debt crisis. Secondly, this paper analyzes the details and impact of the 2001 external debt crisis from the perspective of debt scale, debt structure, and debt restructuring. Finally, based on the historical roots and details of that crisis, a coping strategy with debt optimization as the premise and economic reform as the core is proposed. This study not only helps to deepen the understanding of the Argentine external debt crisis but also provides important guidance for debt-troubled countries worldwide to deal with external debt crises