Finance and Development in an Emerging Market: Argentina in the Interwar Period

Working Paper N° 40

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Autores principales: della Paolera, Gerardo, Taylor, Alan M.
Formato: Documento de trabajo
Lenguaje:Inglés
Publicado: Universidad Torcuato Di Tella 2024
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Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/12967
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spelling I57-R163-20.500.13098-129672025-06-18T18:33:55Z Finance and Development in an Emerging Market: Argentina in the Interwar Period della Paolera, Gerardo Taylor, Alan M. Historia económica Economic history Crecimiento económico Economic growth Working Paper N° 40 The long-run economic performance of Argentina since World War One has been relatively disappointing until recently. Yet, in the interwar period, signs of future retardation and recurring crises were not so obvious. It is often claimed that an unmitigated success was the remarkably rapid growth of domestic financial markets. In conventional models. such "financial deepening" would help accelerate development. especially in an industrializing economy such as Argentina's. Yet the promise of this trend was unfulfilled: first the outbreak of World War One and then the Great Depression proved a setback for the fledgling financial system, and a long-run deterioration set in after 1940. In this paper we trace the course of financial development using historical and international comparisons and we analyze both macro- and microeconomic aspects of financial intermediation. Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001 Universidad Torcuato Di Tella 2024-08-16T20:53:43Z 2024-08-16T20:53:43Z 1997-05 info:eu-repo/semantics/workingPaper https://repositorio.utdt.edu/handle/20.500.13098/12967 eng Working Papers (ISSN: 0327-9588) Argentina info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-sa/2.5/ar/ 35 p. application/pdf application/pdf
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Historia económica
Economic history
Crecimiento económico
Economic growth
spellingShingle Historia económica
Economic history
Crecimiento económico
Economic growth
della Paolera, Gerardo
Taylor, Alan M.
Finance and Development in an Emerging Market: Argentina in the Interwar Period
topic_facet Historia económica
Economic history
Crecimiento económico
Economic growth
description Working Paper N° 40
format Documento de trabajo
author della Paolera, Gerardo
Taylor, Alan M.
author_facet della Paolera, Gerardo
Taylor, Alan M.
author_sort della Paolera, Gerardo
title Finance and Development in an Emerging Market: Argentina in the Interwar Period
title_short Finance and Development in an Emerging Market: Argentina in the Interwar Period
title_full Finance and Development in an Emerging Market: Argentina in the Interwar Period
title_fullStr Finance and Development in an Emerging Market: Argentina in the Interwar Period
title_full_unstemmed Finance and Development in an Emerging Market: Argentina in the Interwar Period
title_sort finance and development in an emerging market: argentina in the interwar period
publisher Universidad Torcuato Di Tella
publishDate 2024
url https://repositorio.utdt.edu/handle/20.500.13098/12967
work_keys_str_mv AT dellapaoleragerardo financeanddevelopmentinanemergingmarketargentinaintheinterwarperiod
AT tayloralanm financeanddevelopmentinanemergingmarketargentinaintheinterwarperiod
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