macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …

depositors, sometimes overshadowing their responses to standard bank fundamentals. Systemic risk can affect market discipline … both regardless of and through bank fundamentals. First, worsening systemic conditions can directly threaten the value of …, Development Research Group--is part of a larger effort in the group to study market discipline"--World Bank web site …

firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress …

When the international financial community finally develops core principles and minimum standards for resolving bank … procedures to resolve bank failures have evolved significantly in Argentina since the introduction of currency convertibility in … 1991 and particularly in reaction to the 1995 tequila crisis, which exposed the inadequacy of the bank exit framework in …