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Evolution and Revolution in the Argentine Banking System under Convertibility: The Roles of Crises and Path Dependence

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Author Info
Lee J. Alston
Andres Gallo

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Abstract

We provide an analytical narrative of the political and economic causes and consequences of institutional changes in the Argentine banking system. We devote most of our attention to the privatization of the provincial banks. Our story differs from the prevailing wisdom in its stress on the key roles played by convertibility and an independent Central Bank rather than the Fondo Fiduciario.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8008.

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Date of creation: Nov 2000
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Handle: RePEc:nbr:nberwo:8008

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Find related papers by JEL classification:
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

Cited by:
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  1. Nikolay Nenovsky & Yorgos Rizopoulos, 2004. "Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective (Groups of interest and monetary variables during the Currency Board introduction in Bulgaria)," William Davidson Institute Working Papers Series wp732, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  2. Pablo Druck & Raul Susmel & Ritu Basu & David Marston, 2004. "Bank Consolidation and Performance: The Argentine Experience," IMF Working Papers 04/149, International Monetary Fund. [Downloadable!]
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This page was last updated on 2009-11-14.


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