TY - BOOK ID - 84539306 TI - Bank Credit in Argentina in the Aftermath of the Mexican Crisis : Supply or Demand Constrained? PY - 1997 SN - 1462309704 1452703876 1283557843 9786613870292 1451892578 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Money and Monetary Policy KW - Industries: Financial Services KW - Macroeconomics KW - Financial Markets and the Macroeconomy KW - Money Supply KW - Credit KW - Money Multipliers KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Public Enterprises KW - Public-Private Enterprises KW - Monetary economics KW - Finance KW - Banking KW - Civil service & public sector KW - Bank credit KW - Loans KW - Domestic credit KW - Money KW - Financial institutions KW - Public sector KW - Economic sectors KW - Banks and banking KW - Finance, Public KW - Argentina UR - https://www.unicat.be/uniCat?func=search&query=sysid:84539306 AB - Liquidity in the banking sector in Argentina reached new heights in early 1996 with the sharp reflow of deposits in the aftermath of the 1995 banking crisis. Yet, this did not translate into a similar recovery of credit to the private sector. Two hypotheses have been raised to explain this mismatch. One is that credit to the private sector was supply constrained because of adverse selection mechanisms exacerbated by the crisis. An alternative hypothesis is that credit was demand constrained, as unemployment remained high and the debt stock adjustment unwound only slowly through the first half of 1996. This paper examines these hypotheses. ER -