Una introducción conceptual al desarrollo financiero, capital social y anonimidad: el caso de México
Sonia Di Giannatale,
María Roa García () and
Authors registered in the RePEc Author Service: Patricia Lopez Rodriguez ()
No DTE 427, Working papers from CIDE, División de Economía
In this article, we develop a conceptual framework to study the interaction between financial development and different types of social capital. Our hypothesis is that financial transactions cannot be completely regulated by market contracts, and that market failures still appear in more developed societies, which are characterized by a higher level of task delegation and anonymity. Hence, social networks might complement those market deficiencies. In Mexico, the informal institutions dominate the financial sector, and those institutions are primarily based on social networks. For this reason, we think that, for the case of Mexico, it is important to include the social dynamics in the design of alternative formal financial mechanisms with the objective of reaching an important percentage of the population.
Keywords: financial development; social capital; regulation; market contracts; social networks (search for similar items in EconPapers)
JEL-codes: D53 J24 (search for similar items in EconPapers)
Pages: 40 pages
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