Was the Argentine corralito an efficient measure?: a note

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dc.contributor.author Samartín Sáenz, Margarita
dc.contributor.author Cardone Riportella, Clara
dc.contributor.author Bustamante, Rodrigo
dc.date.accessioned 2006-11-07T11:13:58Z
dc.date.available 2006-11-07T11:13:58Z
dc.date.issued 2004-05
dc.identifier.uri http://hdl.handle.net/10016/97
dc.description.abstract Theoretical banking literature has largely explored the role of financial intermediaries in the economy, market failures (banking panics) in the banking sector and the need for bank regulation. However, most models of banking panics and regulation have not been empirically tested. The Argentine 2001 crisis, with a large deposit withdrawal and the regulation introduced (suspension of convertibility) constitutes a scenario in order to apply some of the theoretical predictions. In particular, the paper applies Samartín (2002) to the particular case of Argentina. After the estimation of the most important parameters, the model predicts that suspension of convertibility seems to have been the most efficient intervention measure to stop the massive deposit withdrawals.
dc.format.extent 329045 bytes
dc.format.mimetype application/pdf
dc.language.iso eng
dc.language.iso eng
dc.relation.ispartofseries Workings Paper. Bussiness Economics
dc.relation.ispartofseries 2004-09
dc.title Was the Argentine corralito an efficient measure?: a note
dc.type workingPaper
dc.subject.eciencia Empresa
dc.rights.accessRights openAccess
dc.identifier.repec wb042209
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