Global Banks , Local Crises : Bad News from Argentina

  title={Global Banks , Local Crises : Bad News from Argentina},
  author={Marco Negro and Stephen J. Kay},
Federal Reserve Bank of Atlanta E C O N O M I C R E V I E W Third Quarter 2002 I magine a world where your favorite bank is like Starbucks: you can find a branch at every corner, in every city on the globe. Imagine a world where in emerging markets all banks are international because local banks have either disappeared or been bought out. The world just described is not as distant from reality as one might think, especially in the Americas. Nearly everywhere you go in Latin America, from San… CONTINUE READING