Monetary Disorder in Buenos Aires Provice (1822 - 1881)
The Independent Review (Forthcoming)
19 Pages Posted: 18 Mar 2021
Date Written: January 11, 2021
This paper studies the monetary disorder of the Province of Buenos Aires between 1822 and 1881. This historical case shows that bank crises responded to fiscal imbalances and regulatory constraints rather than the absence of a central bank or supervisory financial institutions. Budgetary needs by the Treasury drained the banks from needed resources for financial stability.
Keywords: monetary institutions, free banking, central bank
JEL Classification: E5, N1, N2
Suggested Citation: Suggested Citation