Banking Crises in Latin America in the 1990's Lessons From Argentina, Paraguay, and Venezuela

Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific cause...

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Bibliographic Details
Main Author: García-Herrero, Alicia
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
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651 4 |a Argentina 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Credit 
653 |a Commercial banks 
653 |a Banks 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Reserve requirements 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Money 
653 |a Banks and Banking 
653 |a Banking crises 
653 |a Monetary policy 
653 |a Banking 
653 |a Studies of Particular Policy Episodes 
653 |a Bank deposits 
653 |a Financial Risk Management 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Financial Crises 
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520 |a Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific causes had the largest macroeconomic impact. Countries with high dollarization and a large share of foreign and government-owned banks maintained a more stable deposit base, at least temporarily, by shifting to dollar-denominated deposits and foreign and government-owned banks. Countries that responded with a rapid, consistent, and comprehensive policy response reduced the negative macroeconomic consequences of their crises