The objective of this paper is to bridge an important gap between academic literature and the lessons of recent financial crises in Latin America. Although standard economic theory holds that banking crises are a singular phenomenon that should be treated in a uniform fashion, the banking crises of Mexico, Argentina, and Uruguay, and the responses of local authorities, convincingly demonstrate that there are in fact two distinct types of banking crisis that require equally distinct resolution measures. Taking into account these historical episodes, this paper presents a conceptual framework that both accommodates the possibility of two types of banking crisis and offers the analytical framework necessary to examine benefits and disadvantages of different resolution strategies when applied to distinct types of crisis.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 31 (2009) Issue (Month): 4 (July) Pages: 669-690 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF