Banks During the Argentine Crisis : : Were they All Hurt Equally? Did they All Behave Equally? / / V. Juan-Ramon, Emiliano Basco, Carlos Quarracino, Adolfo Barajas

• Autore: Juan-Ramon V
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (42 p.)
• Soggetto topico: Banks and banking - Argentina; Bank failures - Argentina; Financial crises - Argentina; Banks and Banking; Money and Monetary Policy; Exports and Imports; International Finance: General; Open Economy Macroeconomics; Information and Market Efficiency; Event Studies; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; International Lending and Debt Problems; Banking; Monetary economics; International economics; Bank deposits; Currencies; Commercial banks; Foreign currency exposure; Money; Financial services; Financial institutions; External debt; Banks and banking; Foreign exchange market; Debts, External
• Soggetto geografico: Argentina
• Altri autori: BascoEmiliano QuarracinoCarlos BarajasAdolfo
• Note generali: "February 2006."
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. OVERVIEW OF THE ARGENTINE BANKS IN THE RUN-UP TO THE CRISIS""; ""III. DESCRIPTIVE LOOK AT ARGENTINE BANKS IN THE 1995â€?2001 PERIOD""; ""IV. ECONOMETRIC ANALYSIS""; ""V. CONCLUSIONS""; ""REFERENCES""
• Sommario/riassunto: The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually, the run on deposits. We find that there was substantial cross-bank variation in these elements—that is, not all banks were hurt equally by macroeconomic shocks. Furthermore, using panel data estimation for the 1998–2001 period, we find that depositors were able to distinguish high- from low-risk banks, and that individual banks’ exposure to currency and government default risk depended on bank fundamentals and other characteristics. Thus, not all banks behaved equally in the run-up to the crisis. Finally, our results have implications for the existence of market discipline in periods of stress and for banking regulation, which may have led banks to underestimate some of the risks they incurred.
• Titolo autorizzato: Banks During the Argentine Crisis
• ISBN: 1-4623-5788-1; 1-4527-7336-X; 1-283-51813-9; 1-4519-0838-5; 9786613830586
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910822179503321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/042