By contrast, the restructuring of term deposits in January 2002 attenuated the bank run and kept the payments system alive, while allowing so-called “sight deposits” – which can be withdrawn immediately without penalty – to help build demand for pesos.
By contrast, the restructuring of term deposits in January 2002 attenuated the bank run and kept the payments system alive, while allowing so-called “sight deposits” – which can be withdrawn immediately without penalty – to help build demand for pesos.