Munich Personal RePEc Archive

¿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.

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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.

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