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

38 Pages Posted: 14 Sep 2000  

Lee J. Alston

Ostrom Workshop; National Bureau of Economic Research (NBER)

Andres A. Gallo

University of North Florida

Multiple version iconThere are 2 versions of this paper

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

Alston, Lee J. and Gallo, Andres A., Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence (May 2000). U Illinois Law & Economics Research Paper No. 00-04; and CIBER Working Paper 00-101. Available at SSRN: https://ssrn.com/abstract=235852 or http://dx.doi.org/10.2139/ssrn.235852

Lee J. Alston (Contact Author)

Ostrom Workshop ( email )

513 N. Park Avenue
Bloomington, IN 47408–3895
United States

HOME PAGE: http://ostromworkshop.indiana.edu/alston/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Andres Gallo

University of North Florida ( email )

Department of Economics and Geography
1 UNF Drive
Jacksonville, FL 32224-2675
United States
904-620-1694 (Phone)
904-620-1300 (Fax)

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