Eiras, Martin Gonzalez - Departamento de Economía, Universidad de San Andrés - 2003
I use a natural experiment to estimate the effect that a Lender of Last Resort has on banks’ liquidity demand. In … December 1996 Argentina’s Central Bank signed with a group of international banks a contingent credit line agreement that … insurance contract on banks’ liquidity holdings, using ownership status and size to identify the groups of treatment and control …