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surgía una compañía anónima autorizada durante 50 años para emitir dinero, redescontar a tasa fija, constituirse en depositaria del gobierno y de los bancos asociados, administrar el mercado de cambios y fungir de agente fiscal.
they suggested a corporation licensed for 50 years to issue money, discounted at a fixed rate, become a repository of government and member banks, manage the foreign exchange market and serve as fiscal agent for the country as a whole.
Éstos, que financiaban desequilibrios fiscales locales, no pudieron redescontar los créditos otorgados a entidades públicas y privadas, en un contexto de cartera pesada, lo que generó problemas bancarios acotados al ámbito regional.
in a context of non-performing portfolios, these banks, which financed local government deficits, could not rediscount the loans granted to public and private institutions; this generated banking problems at the regional level.