Bank Credit in Argentina in the Aftermath of the Mexican Crisis Supply or Demand Constrained?

Liquidity in the banking sector in Argentina reached new heights in early 1996 with the sharp reflow of deposits in the aftermath of the 1995 banking crisis. Yet, this did not translate into a similar recovery of credit to the private sector. Two hypotheses have been raised to explain this mismatch....

Full description

Bibliographic Details
Main Author: Catão, Luis
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02481nmm a2200577 u 4500
001 EB000928918
003 EBX01000000000000000722514
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451979862 
100 1 |a Catão, Luis 
245 0 0 |a Bank Credit in Argentina in the Aftermath of the Mexican Crisis  |b Supply or Demand Constrained?  |c Luis Catão 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1997 
300 |a 28 pages 
651 4 |a Argentina 
653 |a Public-Private Enterprises 
653 |a Credit 
653 |a Mortgages 
653 |a Public sector 
653 |a Finance, Public 
653 |a Public Enterprises 
653 |a Industries: Financial Services 
653 |a Monetary economics 
653 |a Civil service & public sector 
653 |a Banks and Banking 
653 |a Financial institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Banks 
653 |a Domestic credit 
653 |a Economic sectors 
653 |a Money Multipliers 
653 |a Banking 
653 |a Money and Monetary Policy 
653 |a Financial Markets and the Macroeconomy 
653 |a Finance 
653 |a Macroeconomics 
653 |a Money 
653 |a Money Supply 
653 |a Banks and banking 
653 |a Depository Institutions 
653 |a Loans 
653 |a Bank credit 
653 |a Micro Finance Institutions 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451979862.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/1997/032/001.1997.issue-032-en.xml?cid=2142-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Liquidity in the banking sector in Argentina reached new heights in early 1996 with the sharp reflow of deposits in the aftermath of the 1995 banking crisis. Yet, this did not translate into a similar recovery of credit to the private sector. Two hypotheses have been raised to explain this mismatch. One is that credit to the private sector was supply constrained because of adverse selection mechanisms exacerbated by the crisis. An alternative hypothesis is that credit was demand constrained, as unemployment remained high and the debt stock adjustment unwound only slowly through the first half of 1996. This paper examines these hypotheses