Publication:
The Price of Inconvertible Deposits : The Stock Market Boom during the Argentine Crisis

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dc.contributor.authorLevy Yeyati, Eduardo
dc.contributor.authorSchmukler, Sergio L.
dc.contributor.authorVan Horen, Neeltje
dc.date.accessioned2014-04-25T14:24:58Z
dc.date.available2014-04-25T14:24:58Z
dc.date.issued2003-10
dc.description.abstractThe Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a "boom" in the stock market. The authors argue that this boom reflects the cost that depositors were willing to incur to get their money out of the banking system, in light of the impending risks. This boom was generalized to all stocks, and more pronounced in liquid stocks. Furthermore, the boom was a symptom that deposits were effectively restricted, and that investors were not able to circumvent capital controls.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/10/2579640/price-inconvertible-deposits-stock-market-boom-during-argentine-crisis
dc.identifier.doi10.1596/1813-9450-3146
dc.identifier.urihttps://hdl.handle.net/10986/18037
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3146
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFINANCIAL CRISES
dc.subjectECONOMIC CRISIS
dc.subjectCONVERTIBILITY
dc.subjectDEPOSIT BANKING
dc.subjectSTOCK MARKETS
dc.subjectBANKING SYSTEMS
dc.subjectRISK AVERSION
dc.subjectLIQUIDITY (ECONOMICS)
dc.subjectFISCAL CONSTRAINTS
dc.subjectBANKING REGULATIONS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL FLIGHT ARBITRAGE
dc.subjectBANK DEPOSITS
dc.subjectBANK RUN
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCOST FUNCTIONS
dc.subjectCURRENCY BOARD
dc.subjectDEVALUATION
dc.subjectDISCOUNT RATE
dc.subjectDOLLAR DEPOSITS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL FEDERALISM
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFREE TRADE
dc.subjectINFLATION
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectLABOR MARKET
dc.subjectLIQUIDITY
dc.subjectMACROECONOMICS
dc.subjectMARKET ACCESS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET SEGMENTATION
dc.subjectMIGRATION
dc.subjectPORTFOLIO
dc.subjectPRICE CAPS
dc.subjectPRICE INDEX
dc.subjectPRIVATE SECTOR
dc.subjectSAVINGS
dc.subjectSAVINGS DEPOSITS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK EXCHANGE INDEX
dc.subjectSTOCK EXCHANGES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKETS
dc.subjectSTOCK PRICES
dc.subjectSTOCKS
dc.subjectTRADE DIVERSION
dc.subjectTRADE REFORMS
dc.subjectUSE VALUE
dc.subjectWTO
dc.subjectARBITRAGE
dc.titleThe Price of Inconvertible Deposits : The Stock Market Boom during the Argentine Crisisen
dspace.entity.typePublication
okr.crossref.titleThe Price of Inconvertible Deposits: The Stock Market Boom during the Argentine Crisis
okr.date.doiregistration2025-04-10T10:27:03.746279Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/10/2579640/price-inconvertible-deposits-stock-market-boom-during-argentine-crisis
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid903271468769284479
okr.identifier.doi10.1596/1813-9450-3146
okr.identifier.externaldocumentum000094946_03101504013362
okr.identifier.internaldocumentum2579640
okr.identifier.reportWPS3146
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/10/25/000094946_03101504013362/Rendered/PDF/multi0page.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryARGENTINA
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance :: Banking
okr.sectorFinance :: General finance sector
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicInternational Terrorism and Counterterrorism
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicPayment Systems and Infrastructure
okr.topicFiscal and Monetary Policy
okr.topicInternational Economics and Trade::Access to Markets
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscoveryad1ad457-a974-53de-815c-c7010e0fdd74
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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