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Remarks to the Argentine Bankers Association -- by Stanley Fischer
June 25, 2001
Introduction
Past Record
– make the banking system more efficient;
– reduce intermediation spreads, and;
– facilitate recovery of collateral for non-performing loans.
The Current Challenge
o
Structural Policies
Fiscal Policy
Monetary Policy
Conclusion
| 1998 | 1999 | 2000 | 2001 | |||
| Argentina | 0.5 | -0.8 | 0.5 | 1.6 | ||
| Brazil | 0.0 | 3.2 | 3.5 | 3.0 | ||
| Ecuador | -1.2 | 4.0 | 9.3 | 6.2 | ||
| Jamaica | 1.3 | 7.1 | 11.0 | 12.6 | ||
| Argentina | -2.1 | -4.2 | -3.6 | -3.2 | ||
| Brazil | -7.9 | -10.0 | -4.6 | -3.5 | ||
| Ecuador | -5.9 | -7.0 | 1.5 | -0.3 | ||
| Jamaica | -9.4 | -11.1 | -7.4 | -5.3 | ||
Source: IMF Staff Reports |
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