Una experiencia latinoamericana: los largos prolegómenos de la banca central en la Argentina

Andrés Regalsky
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Andrés Regalsky: Universidad Nacional de Luján y Universidad Nacional de Tres de Febrero

El Trimestre Económico, 2025, vol. 92 (4), issue 368, 891-924

Abstract: In this paper, we explore the evolution of the Argentine banking system before the creation of the Central Bank in 1935, with special reference to the Banco de la Nación Argentina (BNA). In the twenties, Argentina had one of the region’s most developed and sophisticated systems, but its adherence to the central banking system was one of the most belated. Its evolutionary path was very different from the European classic central banks. After 1914—and especially after 1930—a state-owned big bank, BNA, assumed increasing central banking functions, but in an incomplete way, along with the commercial banking ones. In the end, political authorities decided to transfer those functions to a new specialized institution: the Banco Central de la República Argentina.

Keywords: Banks; central banking; credit; rediscounts; financial history; Argentina; Latin America. (search for similar items in EconPapers)
JEL-codes: E58 N16 N26 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:elt:journl:v:92:y:2025:i:368:p:891-924

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DOI: 10.20430/ete.v92i368.3177

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