Last edited by Darisar
Saturday, July 11, 2020 | History

5 edition of Bank privatization in Argentina found in the catalog.

Bank privatization in Argentina

George R.G Clarke

Bank privatization in Argentina

a model of political constraints and differential outcomes

by George R.G Clarke

  • 271 Want to read
  • 31 Currently reading

Published by World Bank, Development Research Group, Regulation and Competition Policy and Finance in Washington, D.C .
Written in English

    Places:
  • Argentina.,
  • Argentina
    • Subjects:
    • Banks and banking -- Argentina.,
    • Banks and banking -- Argentina -- Econometric models.,
    • Privatization -- Argentina.

    • Edition Notes

      StatementGeorge R.G. Clarke and Robert Cull.
      SeriesPolicy research working paper ;, 2633, Policy research working papers (Online) ;, 2633.
      ContributionsCull, Robert J., World Bank. Development Research Group. Finance., World Bank. Development Research Group. Regulation and Competition Policy.
      Classifications
      LC ClassificationsHG3881.5.W57
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3669186M
      LC Control Number2002615990

      Argentina's provinces offer a unique opportunity to study bank privatization because so many transactions took place there in so short a period in the s (). As the decade started, every province owned at least one bank, performance in publicly owned provincial banks was substantially worse than in private banks, and the losses. Overview of Banks in Argentina. The Central Bank of Argentina (BCRA) was established in May with the purpose of promoting monetary and financial stability in the South American country. It is the implementing and regulatory body that controls the operation of banks in Argentina. The different types of banks in Argentina are.

      Privatization, a method of reallocating assets and functions from the public sector to the private sector, appears to be a factor that could play a serious role in the quest for growth. In recent history, privatization has been adopted by many different political systems and has spread to . The rapid growth in the Argentine bank stocks in the pre-crisis years – Galicia’s CEO Fabian Kon points to the “crazy” ride of its shares from $50 in September when it conducted a $ million follow-on equity transaction to $73 a couple of months later only to .

      Argentina: a grand experiment in water privatization that failed. Argentina has suffered through decades of military rule, dictatorships, corruption and a collapsed economy. When Carlos Menem was elected president in the country was relying heavily .   TECHINT GROUP, No. 2 in the privatization game, is remarkably similar to Perez d in the 's by Agustin Rocca, who came to Argentina after the fall of Mussolini, Techint built some.


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Bank privatization in Argentina by George R.G Clarke Download PDF EPUB FB2

Get this from a library. Bank privatization in Argentina: a model of political constraints and differential outcomes. [George R G Clarke; Robert J Cull; World Bank.

Development Research Group. Finance.; World Bank. Development Research Group. Regulation and Competition Policy.]. This paper discusses the political economy of bank privatization in Argentina following institutional changes related to the implementation of the Convertibility Plan and to the Tequila Crisis.

Section II offers background on the bank privatization process in Argentina, summarizes the relevant literature on private versus public ownership, and describes Bank privatization in Argentina book bank privatization contracts.

This survey examines the privatization program in Argentina, the result of a strong commitment by the country ' s top political leadership to economic recovery. The privatization program is. July In describing outcomes, the literature on privatization has paid little attention to politicians’ incentives, perhaps because it lacked the kinds of evidence needed to do so.

Evidence from the privatization of provincial Argentine banks in the s indicates that transaction contract features vary systematically with proxies for politicians’ incentives. Bank privatization in Argentina: a model of political constraints and differential outcomes (English) Abstract Based on results from country case studies, many researchers have claimed that political constraints affect bank privatization transactions, which in turn affect the post-privatization performance of the banking sector.

Provinces in Argentina whose governors belonged to a fiscally conservative party were more likely to privatize, and fiscal and economic crises increased the likelihood of privatization. Clarke and Cull study the political economy of bank privatization in Argentina.

Although case studies suggest that political constraints affect bank privatization transactions, these constraints have been neither theoretically mod. PROVINCIAL BANK PRIVATIZATION IN ARGENTINA: THE WHY, THE HOW, AND THE SO WHAT.

By George R.G. Clarke and Robert Cull* * Respectively, Economist, Development Research Group – Public Economics, World Bank, and Economist, Development Research Group – Finance, World Bank.

We would like to thank Stefan Alber, Paul Levy and Jo Ann Paulson for helpful. Bank privatization in Argentina: a model of political constraints and differential outcomes. [George R G Clarke; Robert J Cull; World Bank. Development Research Group.

Argentina's privatization program (English) Abstract. This survey examines the privatization program in Argentina, the result of a strong commitment by the country's top political leadership to economic recovery.

The privatization program is wide ranging and. Argentina's provinces offer a unique opportunity to study bank privatization because so many transactions took place there in so short a period in the s (). Argentina's provinces offer a unique opportunity to study bank privatization because so many transactions took place there in so short a period in the s ().

As the decade started, every province owned at least one bank, performance in publicly owned provincial banks was substantially worse than in private banks, and the losses. Provincial bank privatization in Argentina. Washington, DC: World Bank, Development Research Group, Regulation and Competition Policy and Finance, [] (OCoLC) Material Type: Government publication, International government publication, Internet resource: Document Type: Internet Resource: All Authors / Contributors.

This paper analyzes detailed data on the pre- and post-privatization performance of publicly-owned provincial banks in Argentina.

It estimates fiscal savings associated with privatization and describes the technical process that was used. Bank: Website: SEDESA: : ABN AMRO BANK N. : BACS BANCO DE CREDITO Y SECURITIZACION S: : BANCO B.I.

Expats will find that the experience of managing money and banking in Argentina is bogged down by oceans of paperwork and epic queues. For this reason, and as the Argentinian banking system remains unstable, many expats choose to leave their money in bank accounts in their home country.

In another vein, hefty taxes apply when transferring money from an offshore account to a local account; thus. The earliest privatizers approached the private bank percentages on two other measures—family loans ( versus % good credits) and construction ( versus %).

34 It is important to note that the private bank sample contains only the 10 largest in Argentina, presumably among the best banks in the country. The percentage of good. Get this from a library. The political economy of privatization: an empirical analysis of bank privatization in Argentina.

[George R G Clarke; Robert J Cull; World Bank. The evidence from bank privatization transactions in Argentina in the s supports several of their theoretical predictions.

In particular, provinces with highfiscal deficits were willing to accept layoffs and to guarantee a larger part of the privatized banks'portfolio in return for a higher price.

The tequila crisis (Mexico's economic. Washington, DC: World Bank, Development Research Group, Regulation and Competition Policy and Finance, [] Series: Policy research working papers, Edition/Format: Print book: International government publication: EnglishView all editions and formats: Rating: (not yet rated) 0 with reviews - Be the first.

Subjects: Privatization.The author would like to acknowledge useful conversations with and comments by Lou Thompson of the World Bank and several Argentine officials involved with privatization, particularly Jorge Kogan and Jorge Kohon. Any errors that remain are solely the author's.Downloadable!

Argentina's provinces offer a unique opportunity to study bank privatization because so many transactions took place there in so short a period in the s (). As the decade started, every province owned at least one bank, performance in publicly owned provincial banks was substantially worse than in private banks, and the losses incurred imposed substantial fiscal costs.