The macroeconomic reasons for the recent banking crises in the Nordic countries are analysed using an econometric model estimated with panel data from the 1980s and 1990s. Two alternative dependent variables are used: the ratio of banks’ loan losses to lending and enterprise bankruptcies per...

After de facto Independence from Spain in 1810 the economy of Buenos Aires enjoyed a dramatic improvement in its terms of trade, in the order of 400%. The removal of mercantilistic restrictions imposed by Spain as well as the reduction in transport costs