Title: What lessons can be learned from recent financial crises?: the Argentine experience
Abstract: The 1980-82 crisis might be referred to as a crisis of “generalized moral hazard” and was similar to the 1989 crisis in that they were both clearly crises of solvency. However, the main difference was that while the 1980-82 crisis was due to the insolvency of the private sector, the 1989 crisis was due to government insolvency. Finally, the 1995, or “tequila” crisis, was a totally different kind of crisis, since it was a crisis of liquidity not of solvency.
Publication Year: 1997
Publication Date: 1997-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 1
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot