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Globalización financiera y sus efectos sobre el desarrollo financiero

Listed author(s):
  • Edgar Demetrio Tovar

    ()

El artículo muestra la evidencia empírica sobre el nexo globalización financiera-desarrollo financiero, así como la relación teórica entre ambos, dada la relevancia que ello tiene con los procesos de crecimiento y desarrollo económico. Se elabora una prueba empírica novedosa, en tanto que utiliza nuevos indicadores de globalización financiera y desarrollo financiero más cercanos al marco conceptual y teórico, así como un tratamiento diferente en la inclusión de variables institucionales. Se emplea un modelo dinámico con datos de panel, cuyos principales resultados indican que la globalización financiera favorece al sistema financiero para que este desempeñe mejor sus funciones de control corporativo y reunión de ahorro, pero perjudica las funciones de proporcionar información y diversificar el riesgo.

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Article provided by Banco de la Republica de Colombia in its journal Ensayos sobre Política Económica.

Volume (Year): 29 (2011)
Issue (Month): 66 (Diciembre)
Pages: 80-127

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Handle: RePEc:bdr:ensayo:v:29:y:2011:i:66:p:80-127
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