Financial crisis and sectoral diversification of Argentine banks, 1999-2004

We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during th...

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Detalles Bibliográficos
Autores principales: Bebczuk, Ricardo Néstor, Galindo, Arturo
Formato: Articulo Documento de trabajo
Lenguaje:Inglés
Publicado: 2005
Materias:
Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3552
http://www.depeco.econo.unlp.edu.ar/doctrab/doc60.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-3552
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
spellingShingle Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
Bebczuk, Ricardo Néstor
Galindo, Arturo
Financial crisis and sectoral diversification of Argentine banks, 1999-2004
topic_facet Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
description We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during the 1999-2004 period, we find that banks did not modify much their loan portfolio mix as a response to the crisis, even though the econometric results point to a positive effect of sectoral diversification and lending to tradeable sectors on bank profitability and risk mitigation. Our results suggest that larger banks benefit more from diversification that smaller ones, and that the benefits of diversification are greater during the downside of the business cycle.
format Articulo
Documento de trabajo
author Bebczuk, Ricardo Néstor
Galindo, Arturo
author_facet Bebczuk, Ricardo Néstor
Galindo, Arturo
author_sort Bebczuk, Ricardo Néstor
title Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_short Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_full Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_fullStr Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_full_unstemmed Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_sort financial crisis and sectoral diversification of argentine banks, 1999-2004
publishDate 2005
url http://sedici.unlp.edu.ar/handle/10915/3552
http://www.depeco.econo.unlp.edu.ar/doctrab/doc60.pdf
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bdutipo_str Repositorios
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