The Argentine banking crisis of 2001 resulted from Argentina's banks being required to

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The Argentine banking crisis of 2001 was caused by a combination of factors, including the government's large debt and the banks being required to purchase large amounts of government debt. This created a cycle where the government borrowed money from the banks, but then the banks had less money to lend to businesses and individuals, leading to a recession and ultimately a banking crisis.

The Argentine Banking Crisis of 2001 Resulted from Argentina's Banks