Abstract
The aim of this paper is to analyse the conditions in which depreciations in Argentina during the Great Depressionwere produced. The method: an analysis of the literature and the development of an econometric analysis.To this effect, after analysing the monetary context in those years and the impact of the Great Depression,the economic conditions in Latin America and Argentina are presented. National and International literatureshighlight that, against the difficulties to proceed with internal devaluations to adjust prices, monetary depreciationwas crucial to rebalance prices. This was achieved on the contrary of what would be expected accordingto the Purchasing Parity Theory. Through econometric techniques, the prices of Argentinean exports willbe shown as a key for the success of this measure.
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