Finance and Development in an Emerging Market: Argentina and the Interwar Period / Gerardo della Paolera, Alan M. Taylor.

Format:

Book

Author/Creator:

della Paolera, Gerardo.

Contributor:

National Bureau of Economic Research.

Taylor, Alan M.

Series:

Working Paper Series (National Bureau of Economic Research) no. w6236.

NBER working paper series no. w6236

Language:

English

Subjects (All):

Finance--Mathematical models--Congresses.

Finance.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Finance and Development in an Emerging Market

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1997.

Cambridge, Mass. : National Bureau of Economic Research, 1997.

Summary:

The long-run economic performance of Argentina since World War One has been relatively disappointing until recently. Yet, in the interwar period, signs of future retardation and" recurring crises were not so obvious. It is often claimed that an unmitigated success was the" remarkably rapid growth of domestic financial markets. In conventional models deepening industrializing economy such as" Argentina's. Yet the promise of this trend was unfulfilled: first the outbreak of World War One" and then the Great Depression proved a setback for the fledgling financial system deterioration set in after 1940. In this paper we trace the course of financial development using" historical and international comparisons and we analyze both macro- and microeconomic aspects" of financial intermediation.

Notes:

Print version record

October 1997.

Includes bibliographical references.