Evolution des institutions financières et transition entre régimes d'accumulation : le cas de l'Argentine contemporaine

Transition processes reflect the institutional hierarchy. Financial and monetary institutions changes seem to be the main explanatory factors of these processes. These institutions definition influences also directly macroeconomic operation and by this way others institutions. In the theory of Regulation framework, we will analyse Argentinean regime of accumulation in place under Peron and transition factors towards the current regime which is characterized by market finance importance. Social confrontation plays here a central role as institutional evolution factor. We will see then financial and monetary institutions changes consequences on macroeconomic operation and employment. Employment becomes in the current accumulation regime the adjustment variable.