Free banking and bank entry in Latin America

Luis Zegarra

Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, 2013, vol. 09, issue 03, 131-142

Abstract: This article analyzes the impact of free-banking on the banking sector in Latin America in the 19th and early 20th centuries. I use data for seven countries to compare the entry of banks and the growth of bank output prior and after the enactment of free-banking laws to determine whether free-banking (by establishing general requirements for granting note-issuance rights) lowered barriers to entry. The results show that in most Latin American countries the adoption of free-banking laws did not cause in the short run an increase in bank entry and in bank output growth. KEY Classification-JEL: O54. N26. N20. G21

Keywords: Latin; America.; Banking; sector.; Bank; laws.; Bank; entry (search for similar items in EconPapers)
Date: 2013
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