文章基本信息

标题：Liberalización financiera en América Latina: efectos sobre los mercados financieros locales
本地全文：下载
作者：Jesús Ferreiro Aparicio ; Carmen Gómez Vega ; Carlos Rodríguez González 等
期刊名称：Ekonomiaz : Revista Vasca de Economía
印刷版ISSN：0213-3865
出版年度：2007
卷号：66
期号：III
页码：266-293
出版社：Servicio central de publicacion. Gobierno Vasco
摘要：During the last decades, Latin American economies have liberalized their capital accounts and their domestic capital markets and banking-financial sectors to accelerate economic growth. It was taken for granted that Latin American countries suffered from a deep scarcity of capital and an inefficient working of domestic banking and financial intermediaries. The existing empirical evidence shows that despite the depth of these reforms the path of economic growth in the region is not higher or more stable. In this paper we suggest that an explanation for this bad performance is that the financial liberalization process has not lead to the expected higher levels of private savings and investments and to a higher financial depth.