¿Vale la pena tener intermediarios financieros propios? Un examen a la literatura reciente

Does it worth having local financial intermediaries? An examination onto recent literature

Gustavo Ferro

MPRA Paper from University Library of Munich, Germany

Abstract: Does a small economy benefit from having local financial intermediaries? If "yes", then what can be done to ameliorate the performance of local financial intermediaries? This article it is made a review on theoretical and empirical literature related with both questions. Two strands of the literature are explored: that which relates finance and growth and that which is devoted to "home bias". Both approaches give support to the idea of local financial intermediaries even in small economies.

Keywords: finance and growth; home bias (search for similar items in EconPapers)
JEL-codes: G2 G21 (search for similar items in EconPapers)
Date: 2000-07
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15359

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