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Banks During the Argentine Crisis : Were they All Hurt Equally? Did they All Behave Equally?
Were they All Hurt Equally? Did they All Behave Equally?

The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system's difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually, the run on deposits. We find that there was...
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