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

Alston, Lee J.; Gallo, Andres A.

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

NBER Working Paper No. w8008

35 Pages Posted: 18 Nov 2000 Last revised: 20 Nov 2022

See all articles by Lee J. Alston

Lee J. Alston

Indiana University; National Bureau of Economic Research (NBER)

Andres A. Gallo

University of North Florida - Dept. of Economics

There are 2 versions of this paper

Date Written: November 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.

Suggested Citation: Suggested Citation

Alston, Lee J. and Gallo, Andres, Evolution and Revolution in the Argentine Banking System Under Convertibility: The Roles of Crises and Path Dependence (November 2000). NBER Working Paper No. w8008, Available at SSRN: https://ssrn.com/abstract=250363