Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1283557843
9781283557849
1451892578
9781451892574
1462309704
9781462309702
1452703876
9781452703879
9786613870292
6613870293
9781451979862
145197986X
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| Notes: | Includes bibliographical references (page 28).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | After growing at an annual rate of 19 percent in real terms in the four years to end-1994, bank credit to the private sector in Argentina declined by 5 1/2 percent during 1995. This marked decline took place amidst a severe banking crisis which followed the devaluation of the Mexican peso in December 1994. Between end-November 1994 and end-May 1995, the Argentine banking system lost 17 percent of its total deposits, while the Central Bank lost close to a third of its liquid international reserves. Prime interest rates in pesos and in U.S. dollars peaked at 40 percent and 26 percent in mid-March 1995, from around 11 1/2 and 9 percent, respectively, prior to the crisis. Ten banks were closed and more than 40 financial institutions were merged or absorbed by stronger banks.
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| Other form: | Print version: Catão, Luis. Bank credit in Argentina in the aftermath of the Mexican crisis. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©1997
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| Standard no.: | 10.5089/9781451892574.001
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