The Price of Inconvertible Deposits : The Stock Market Boom during the Argentine Crisis

The Price of Inconvertible Deposits : The Stock Market Boom during the Argentine Crisis

The Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a "boom" in the stock market. The authors argue that this boom reflects the cost that depositors were willing to incur to get...

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Bibliographic Details
Main Authors: Levy Yeyati, Eduardo, Schmukler, Sergio L., Van Horen, Neeltje
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
FINANCIAL CRISES
ECONOMIC CRISIS
CONVERTIBILITY
DEPOSIT BANKING
STOCK MARKETS
BANKING SYSTEMS
RISK AVERSION
LIQUIDITY (ECONOMICS)
FISCAL CONSTRAINTS
BANKING REGULATIONS
CAPITAL CONTROLS
CAPITAL FLIGHT
CAPITAL FLIGHT ARBITRAGE
BANK DEPOSITS
BANK RUN
BANKING CRISIS
BANKING SECTOR
BANKING SYSTEM
CAPITAL INFLOWS
CAPITAL MARKETS
CAPITAL OUTFLOWS
CAPITALIZATION
CENTRAL BANK
COST FUNCTIONS
CURRENCY BOARD
DEVALUATION
DISCOUNT RATE
DOLLAR DEPOSITS
EMERGING MARKETS
EQUITY MARKETS
EXCHANGE RATE
EXPENDITURES
FINANCIAL CRISIS
FINANCIAL MARKETS
FINANCIAL SERVICES
FINANCIAL SYSTEM
FISCAL FEDERALISM
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FREE TRADE
INFLATION
INTERNATIONAL FINANCIAL MARKETS
LABOR MARKET
LIQUIDITY
MACROECONOMICS
MARKET ACCESS
MARKET CAPITALIZATION
MARKET SEGMENTATION
MIGRATION
PORTFOLIO
PRICE CAPS
PRICE INDEX
PRIVATE SECTOR
SAVINGS
SAVINGS DEPOSITS
STOCK EXCHANGE
STOCK EXCHANGE INDEX
STOCK EXCHANGES
STOCK MARKET
STOCK PRICES
STOCKS
TRADE DIVERSION
TRADE REFORMS
USE VALUE
WTO
ARBITRAGE
Online Access:http://documents.worldbank.org/curated/en/2003/10/2579640/price-inconvertible-deposits-stock-market-boom-during-argentine-crisis
http://hdl.handle.net/10986/18037

Internet

http://documents.worldbank.org/curated/en/2003/10/2579640/price-inconvertible-deposits-stock-market-boom-during-argentine-crisis
http://hdl.handle.net/10986/18037

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