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Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path DependenceLee J. AlstonUniversity of Colorado at Boulder - Department of Economics; National Bureau of Economic Research (NBER) Andres A. GalloUniversity of North Florida May 2000 U Illinois Law & Economics Research Paper No. 00-04; and CIBER Working Paper 00-101 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.
Number of Pages in PDF File: 38 JEL Classification: E52, G21, G28 working papers seriesDate posted: September 14, 2000Suggested CitationContact Information
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