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Banco Hipotecario
Banco Hipotecario ( BCBAbr>BHIP is a commercial bank and mortgage lender in Argentina. Overview The institution was chartered on September 24, 1886, as the ''Banco Hipotecario Nacional'' (''National Mortgage Bank'') by a bill (Law 1804) signed by President Julio Roca. The bank pioneered mortgage lending on extended, low-interest terms in Argentina, and thus contributed to consolidating a modern Argentine economy (a policy centerpiece of the Generation of '80, as Roca and his allies were known). The bank continued to grow and, during the administration of President Hipólito Yrigoyen (1916–22), its share of the nation's mortgages doubled to 37%. The headquarters relocated in 1942 from its original, Baroque headquarters in the financial district (transferred to the Central Bank of Argentina) to a larger, Rationalist office building facing Plaza de Mayo. The bank again grew significantly during President Juan Perón's populist administration, boosting its loan portfolio from 100, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buenos Aires Stock Exchange
The Buenos Aires Stock Exchange (BCBA; es, Bolsa de Comercio de Buenos Aires) is the organization responsible for the operation of Argentina's primary stock exchange located at Buenos Aires CBD. Founded in 1854, it is the successor to the ''Banco Mercantil'', which was created in 1822 by Bernardino Rivadavia. Citing BCBA's self-definition: "It is a self-regulated non-profit civil association. At its Council sit representatives of all different sectors of Argentina's economy." The most important index of the stock market is the MERVAL (from ''MERcado de VALores'', "stock market"), which includes the most important papers. Other indexes are ''Burcap'', ''Bolsa General'' and ''M.AR.'', and currency indicators ''Indol'' and ''Wholesale Indol''. The Stock Exchange's current, Leandro Alem Avenue headquarters was designed by Norwegian-Argentine architect Alejandro Christophersen in 1913, and completed in 1916. A modernist annex was designed by local architect Mario Roberto Álvarez in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generation Of '80
The Generation of '80 ( es, Generación del '80) was the governing elite in Argentina from 1880 to 1916. Members of the oligarchy of the provinces and the country's capital, they first joined the League of Governors (''Liga de Gobernadores''), and then the National Autonomist Party, a fusion formed from the two dominating parties of the prior period, the Autonomist Party of Adolfo Alsina and the National Party of Nicolás Avellaneda. These two parties, along with Bartolomé Mitre's Nationalist Party, were the three branches into which the Unitarian Party had divided. In 1880, General Julio Argentino Roca, leader of the Conquest of the Desert and framer of the Generation and its model of government, launched his candidacy for president. They filled the highest public political, economical, military and religious positions, staying in power through electoral fraud. In spite of the growing political opposition, led by the Radical Civic Union (UCR) and anarchist and socialist groups ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical Exchange Rates Of Argentine Currency
The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: *From January 1914 to December 1969: Pesos Moneda Nacional *From January 1970 to May 1983: Pesos Ley 18188 *From June 1983 to May 1985: Peso Argentino *From June 1985 to December 1991: Australes *From January 1992: pesos The value of one current peso is 10,000,000,000,000 (trillion) ''pesos moneda nacional'' (m$n), the currency in use from 1881 to 1969. It's also equal, as of year-end 2022, to 780 trillion 1914 pesos with the U.S. dollar as reference an average annual depreciation relative to the dollar of 27% (i.e. an annual increase of the value of the dollar of 37%). See also * Table of historical exchange rates * Economic history of Argentina * Latin American debt crisis * La Década Perdida (The Lost Decade; the 1980s) * Argentine m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. Overview From a macroeconomics standpoint there are four main categories of indexation: # wage indexation, # financial instruments rate indexation, # tax rate indexation, and # exchange rate indexation. The first three are indexed to inflation. The last one is typically indexed to a foreign currency, mainly the US dollar. Any of these different types of indexation can be reversed (deindexation). Applying a cost-of-living escalation COLA clause to a stream of periodic payments protects the real value of those payments and effectively transfers the risk of inflation from the payee to the payor, who must pay more each year to reflect the increases in prices. Thus, inflation indexation is often applied to pension payments, rents and other situations which are not subject to reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Alfredo Martínez De Hoz
José Alfredo Martínez de Hoz (13 August 1925 – 16 March 2013) was an Argentine lawyer, businessman and economist. He was Minister of Economy under Jorge Rafael Videla's administration between 1976 and 1981, and shaped economic policy at the National Reorganization Process. Martínez de Hoz was an orthodox of businessman origin who imposed a plan of liberal reforms in the 70s that aroused very strong controversies. From 1976 until today, globalization began to appear and some attempts of insertion in the world began. The spirit of all the reforms implemented during his administration was the liberalization of the economy. Precisely, economic freedom, a principle that is occasionally criticized in Argentina depending on the time. Biography Martínez de Hoz, scion of one Argentina's oldest cattle ranching families, was born in Buenos Aires, Argentina. Pursuing higher studies at the University of Cambridge, he returned and in 1955, following the coup against President Juan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Reorganization Process
The National Reorganization Process (Spanish: ''Proceso de Reorganización Nacional'', often simply ''el Proceso'', "the Process") was the military dictatorship that ruled Argentina from 1976 to 1983, in which it was supported by the United States until 1982. In Argentina it is often known simply as última junta militar ("last Military dictatorship, military junta"), última dictadura militar ("last military dictatorship") or última dictadura cívico-militar ("last civil–military dictatorship"), because there have been several in the country's history and no others since it ended. The Argentine Armed Forces seized political power during the 1976 Argentine coup d'état, March 1976 coup against the presidency of neutralist (non-Communist or non-Democratic) Isabel Perón, the successor and widow of former President Juan Perón, at a time of growing economic and political instability. National Congress of Argentina, Congress and democracy were suspended, political parties were b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amortizing Loan
In banking and finance, an amortizing loan is a loan where the principal of the loan is paid down over the life of the loan (that is, amortized) according to an amortization schedule, typically through equal payments. Similarly, an amortizing bond is a bond that repays part of the principal ( face value) along with the coupon payments. Compare with a sinking fund, which amortizes the total debt outstanding by repurchasing some bonds. Each payment to the lender will consist of a portion of interest and a portion of principal. Mortgage loans are typically amortizing loans. The calculations for an amortizing loan are those of an annuity using the time value of money formulas and can be done using an amortization calculator. An amortizing loan should be contrasted with a bullet loan, where a large portion of the loan will be paid at the final maturity date instead of being paid down gradually over the loan's life. An accumulated amortization loan represents the amount of amortizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Juan Perón
Juan Domingo Perón (, , ; 8 October 1895 – 1 July 1974) was an Argentine Army general and politician. After serving in several government positions, including Minister of Labour and Vice President of a military dictatorship, he was elected President of Argentina three times, serving from June 1946 to September 1955, when he was overthrown by the '' Revolución Libertadora'', and then from October 1973 until his death in July 1974. During his first presidential term (1946–1952), Perón was supported by his second wife, Eva Duarte ("Evita"): they were immensely popular among the Argentine working class. Perón's government invested heavily in public works, expanded social welfare, and forced employers to improve working conditions. Trade unions grew rapidly with his support and women's suffrage was granted with Eva's influence. On the other hand, dissidents were fired, exiled, arrested and tortured, and much of the press was closely controlled. Several high-profile war crimin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plaza De Mayo
The Plaza de Mayo (; en, May Square) is a city square and main foundational site of Buenos Aires, Argentina. It was formed in 1884 after the demolition of the Recova building, unifying the city's Plaza Mayor and Plaza de Armas, by that time known as ''Plaza de la Victoria'' and ''Plaza 25 de Mayo,'' respectively. The city centre of Buenos Aires, Plaza de Mayo has been the scene of the most momentous events in Argentine history, as well as the largest popular demonstrations in the country. On the occasion of the first anniversary of the May Revolution in 1811, the Pirámide de Mayo ( en, May Pyramid) was inaugurated in the square's hub, becoming Buenos Aires' first national monument. It is located in the financial district known as '' microcentro'', within the ''barrio'' ( en, neighborhood) of Monserrat. It is bounded by Bolívar, Hipólito Yrigoyen, Balcarce and Avenida Rivadavia streets; and from its west side three important avenues are born: Avenida Presidente Julio Argenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rationalist Architecture
In architecture, Rationalism is an architectural current which mostly developed from Italy in the 1920s and 1930s. Vitruvius had claimed in his work ''De architectura'' that architecture is a science that can be comprehended rationally. The formulation was taken up and further developed in the architectural treatises of the Renaissance. Eighteenth-century progressive art theory opposed the Baroque use of illusionism with the classic beauty of truth and reason. Twentieth-century Rationalism derived less from a special, unified theoretical work than from a common belief that the most varied problems posed by the real world could be resolved by reason. In that respect, it represented a reaction to Historicism and a contrast to Art Nouveau and Expressionism. The term ''Rationalism'' is commonly used to refer to the wider International Style. Enlightenment rationalism The name Rationalism is retroactively applied to a movement in architecture that came about during the Age of Enli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Argentina
The Central Bank of the Argentine Republic ( es, Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability, financial stability, employment, and economic development with social equity. Establishment Established by six Acts of Congress enacted on May 28, 1935, the bank replaced Argentina's currency board, which had been in operation since 1899. Its first president was Ernesto Bosch, who served in that capacity from 1935 to 1945. The Central Bank's headquarters on San Martín Street (in the heart of Buenos Aires' financial district, known locally as the ''city''), was originally designed in 1872 by architects Henry Hunt and Hans Schroeder. Completed in 1876, the Italian Renaissance-inspired building i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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