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Financial globalization and financial development in Latin America

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  • Edgar Demetrio Tovar García

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Abstract

Este artículo examina el impacto de la globalización financiera sobre el desarrollo financiero en América Latina. Se elabora una prueba empírica con nuevos indicadores de globalización y desarrollo financieros, más cercanos al marco teórico y conceptual, y se emplea un modelo de datos de panel dinámico. El principal resultado sugiere, en general, que la globalización financiera no tiene una relación positiva y significativa con el proceso de crecimiento y desarrollo del sistema financiero en América Latina, aunque favorece el gobierno corporativo y fomenta la diversificación del riesgo.

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File URL: http://www.fce.unal.edu.co/media/files/documentos/Cuadernos/57/artculos/v31n57a05-u.pdf
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Bibliographic Info

Article provided by UN - RCE - CID in its journal REVISTA CUADERNOS DE ECONOMÍA.

Volume (Year): (2012)
Issue (Month): ()
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Handle: RePEc:col:000093:010244

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Keywords: globalización financiera; desarrollo financiero; panel de datos dinámico;

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