Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence
Lee J. Alston
Indiana University - The Vincent and Elinor Ostrom Workshop in Political Theory & Policy Analysis; University of Colorado at Boulder - Department of Economics; National Bureau of Economic Research (NBER)
Andres A. Gallo
University of North Florida
U Illinois Law & Economics Research Paper No. 00-04; and CIBER Working Paper 00-101
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
Date posted: September 14, 2000
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