Abstract

MARSHALL, Wesley. The Role of Public Banking during Financial Crises in Argentina and Uruguay. Prob. Des [online]. 2013, vol.44, n.172, pp.29-52. ISSN 0301-7036.

The goal of this article is to emphasize the counter-cyclical nature of public commercial banking. This study will provide a historical analysis of the banking crises in Agentina and Uruguay at the beginning of the twenty-first century. In Argentina, this type of bank encompassed a variety of crucial actors involved in policies that successfully resolved the crisis and led to financial restructuring. In Uruguay, public commercial banking had a lesser role during the crisis resolution phase, but played a fundamental part in minimizing financial system risks that had contributed to the 2002 crisis.

Keywords : financial crises; economic history; financial markets and institutions; Latin America; economic development; financial markets.

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