Argentina's Countercyclical Credit Policy Response: Macroprudential Regulation and Public Bank Credit during Covid-19

ALFREDO SCHCLAREK; DAVID A. MCDONALD; THOMAS MAROIS; DIANA BARROWCLOUGH

Public Banks and Covid-19: Combatting the Pandemic With Public Finance

Municipal Services Project (Kingston), UNCTAD (Geneva) and Eurodad (Brussels)

Lugar: Ginebra; Año: 2020; p. 211 - 220

This chapter analyzes the countercyclical credit policy response in Argentina due to the Covid-19 pandemic. Specifically, the macroprudential regulations implemented by the Central Bank of Argentina (BCRA) to stimulate bank credits to micro-, small- and medium-sized enterprises (MSMEs) is examined. In addition, the specific credit response of the state-owned commercial bank, the Banco de la Nación Argentina (BNA), the biggest commercial bank in Argentina, is also scrutinized.