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La inclusión y la estabilidad financieras

Author

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  • María José Roa

    (Centro de Estudios Monetarios Latinoamericanos)

Abstract

Para profundizar en el estudio de la relación entre la inclusión y la estabilidad financieras, en primer lugar, se realiza una revisión de los trabajos sobre los posibles y diversos vínculos entre la estabilidad y la inclusión financieras. En segundo lugar, se exponen los resultados de los trabajos revisados desde un enfoque que considera la naturaleza multidimensional de la inclusión financiera y sus distintas etapas. De nuestra discusión se concluye que los riesgos de la inclusión financiera sobre la estabilidad financiera se presentan en las primeras etapas de la inclusión y el desarrollo financieros, en concreto con la falta de acceso y uso de los mercados financieros formales. Los riesgos de la inclusión financiera en sus etapas avanzadas son distintos y menores a los que se presentan en un sistema financiero desarrollado. Por tanto, es necesario precisar el tipo de intervención estatal o regulación necesaria para el caso particular de la inclusión financiera, y no aplicar de manera automática las medidas de regulación o supervisión derivadas de la crisis financiera reciente.

Suggested Citation

  • María José Roa, 2014. "La inclusión y la estabilidad financieras," Documentos de Investigación - Research Papers 15, CEMLA.
    • Handle: RePEc:cml:docinv:15
    as

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    References listed on IDEAS

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    Cited by:

    1. Fanny Warman D. & María José Roa, 2014. "Intermediarios financieros no bancarios en América Latina: ¿banca paralela?," Documentos de Investigación - Research Papers 16, CEMLA.

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    More about this item

    Keywords

    inclusión financiera; estabilidad financiera; desarrollo financiero.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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