Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence
38 Pages Posted: 14 Sep 2000
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Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence
Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence
Date Written: May 2000
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.
JEL Classification: E52, G21, G28
Suggested Citation: Suggested Citation
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