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

Ferro, Gustavo (2000): ¿Vale la pena tener intermediarios financieros propios? Un examen a la literatura reciente.

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.

• Item Type: MPRA Paper
• English Title: Does it worth having local financial intermediaries? An examination onto recent literature
• Language: Spanish
• Keywords: finance and growth; home bias
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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