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| Author: | Rozenwurcel, G. Bleger, L. |
| Title: | Argentina's banking sector in the nineties: from financial deepening to systemic crisis |
| Journal: | World Economy
1998 : MAY, VOL. 21:3, p. 369-396 |
| Index terms: | ECONOMIC CONDITIONS ARGENTINA BANKING |
| Language: | eng |
| Abstract: | The first important attempt to liberalise financial markets in Argentina took place between 1977 and 1981 and ended in a complete failure. Throughout the eighties the degree of "financial repression" oscillated, but interest rates remained basically market-determined. However, the financial system continued to experience significant distortions, mainly due to the extreme volatility of the macroeconomic environment. The authors focus their analysis on the specific ways in which a Currency Board arrangement shapes the links between the macroeconomic environment and the financial system. |
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