| Description |
1 online resource (28 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/97/32 |
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IMF working paper ; WP/97/32.
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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 |
| Bibliography |
Includes bibliographical references (page 28) |
| Notes |
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 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Bank loans -- Argentina
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Bank deposits -- Argentina
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Credit -- Argentina
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Financial crises -- Mexico
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Bank deposits
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Bank loans
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Credit
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Financial crises
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BANKING.
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CREDIT.
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ARGENTINA.
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Argentina
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Mexico
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| Form |
Electronic book
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| Author |
International Monetary Fund. Western Hemisphere Department.
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| ISBN |
1283557843 |
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9781283557849 |
|
1451892578 |
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9781451892574 |
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1462309704 |
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9781462309702 |
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1452703876 |
|
9781452703879 |
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9786613870292 |
|
6613870293 |
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9781451979862 |
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145197986X |
|
