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Internal Versus External Convertibility and Developing-Country Financial Crisis: Lessons from the Argentine Bank Bailout of the 1930
(Universidad Torcuato Di Tella, 1999-07)
Argentina's money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets that built up in the 1920s. Gold convertibility was suspended in December 1929, even before the crisis ...