Bank credit in Argentina in the aftermath of the Mexican crisis : supply or demand constrained? /

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Bibliographic Details
Author / Creator:Catão, Luis.
Imprint:[Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©1997.
Description:1 online resource (28 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/97/32
IMF working paper ; WP/97/32.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497779
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Western Hemisphere Department.
ISBN:1283557843
9781283557849
1451892578
9781451892574
1462309704
9781462309702
1452703876
9781452703879
9786613870292
6613870293
9781451979862
145197986X
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.
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.
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
Standard no.:10.5089/9781451892574.001

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520 |a 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. 
546 |a English. 
650 0 |a Bank loans  |z Argentina. 
650 0 |a Bank deposits  |z Argentina. 
650 0 |a Credit  |z Argentina. 
650 0 |a Financial crises  |z Mexico. 
650 6 |a Prêts bancaires  |z Argentine. 
650 6 |a Dépôts bancaires  |z Argentine. 
650 6 |a Crédit  |z Argentine. 
650 6 |a Crises financières  |z Mexique. 
650 7 |a Bank deposits.  |2 fast  |0 (OCoLC)fst00826609 
650 7 |a Bank loans.  |2 fast  |0 (OCoLC)fst00826704 
650 7 |a Credit.  |2 fast  |0 (OCoLC)fst00882525 
650 7 |a Financial crises.  |2 fast  |0 (OCoLC)fst00924607 
651 7 |a Argentina.  |2 fast  |0 (OCoLC)fst01205614 
651 7 |a Mexico.  |2 fast  |0 (OCoLC)fst01211700 
650 7 |a BANKING.  |2 unbist 
650 7 |a CREDIT.  |2 unbist 
650 7 |a ARGENTINA.  |2 unbist 
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