Argentina Financial Sector Assessment Program-Financial Safety Nets- Technical Note

This paper discusses the financial crisis management and crisis preparedness framework of Argentina. Although Argentina has a well-developed financial safety net that has provided timely support to stressed institutions, the system could be further strengthened. Although the Banco Central de la Repú...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Argentina  |b Financial Sector Assessment Program-Financial Safety Nets- Technical Note 
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300 |a 21 pages 
651 4 |a Argentina 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Banks 
653 |a Bridge bank 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Bank resolution 
653 |a Systemic crises 
653 |a Micro Finance Institutions 
653 |a Deposit insurance 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Banks and Banking 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Financial Crises 
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520 |a This paper discusses the financial crisis management and crisis preparedness framework of Argentina. Although Argentina has a well-developed financial safety net that has provided timely support to stressed institutions, the system could be further strengthened. Although the Banco Central de la República de Argentina (BCRA) facilities have not been tested, they are well-designed to manage a major banking liquidity crisis. The BCRA should work with other supervisors to monitor potential risks outside its regulatory perimeter. The BCRA approach to supervision is risk-based and focuses on early supervisory action to address deficiencies, but the prompt correction framework could be enhanced