Though Citicorp had a major international banking presence, its domestic banking operation was contained largely in the State of New York. Its major national credit card operation was its most significant departure from traditional banking lines. In contrast, today's Citigroup has $ trillion in assets and is a highly diversified financial services provider operating not only throughout the United States but also internationally.
Furthermore, past trends in the relevant economy and the starting conditions will naturally affect our policy choice. Our Central Bank’s approach to monetary policy in and for the specific circumstances of the Argentine economy can be understood in this framework.