Bank Concentration and the Supply of Credit in Argentina

ByGustavo Enrique Cañonero

April 1, 1997

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines the effects on the supply of credit of the concentration of financial institutions in Argentina that followed the crisis caused by the December 1994 devaluation of the Mexican peso. While the concentration process may have improved the efficiency of domestic financial intermediation, the analysis suggests that, due to the presence of information asymmetries in the banking sector, it also may have contributed to the contraction in bank lending observed during 1995.

Subject: Bank credit, Banking, Credit, Credit bureaus, Financial institutions, Financial markets, Foreign banks, Loans, Money

Keywords: Argentina, bank, bank concentration, Bank credit, Banking Concentration, Credit, Credit bureaus, financial institution, Foreign banks, Information Asymmetries, lending, lending equation, loan, loan group, Loans, reaction function, Supply of Credit, unguaranteed lending, WP

Pages:
19
Volume:
1997
DOI:
https://doi.org/10.5089/9781451845938.001
Issue:
040
Series:
Working Paper No. 1997/040
Stock No:
WPIEA0401997
ISBN:
9781451845938
ISSN:
1018-5941

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