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Repensar la profundización financiera: estabilidad y crecimiento en los mercados emergentes

Author

Listed:
  • Ratna Sahay
  • Martin Cihák
  • Papa N’Diaye
  • Adolfo Barajas
  • Ran Bi
  • Diana Ayala
  • Yuan Gao
  • Annette Kyobe
  • Lam Nguyen
  • Christian Saborowski
  • Katsiaryna Svirydzenka
  • Seyed Reza Yousefi

Abstract

En este escrito se usa una nueva medida del desarrollo financiero para mostrar que la mayoría de los mercados emergentes aún puede obtener beneficios de crecimiento y estabilidad con un mayor desarrollo financiero. Primero define el desarrollo financiero como una combinación de profundidad, acceso y eficiencia. Luego muestra que el crecimiento económico se debilita a mayores niveles de desarrollo financiero y que el ritmo del desarrollo financiero es importante; además propone una nueva manera de ver los “tradeoffs” de la regulación financiera. Concluye que no hay una secuencia única en el desarrollo de las instituciones y los mercados financieros, aunque se observa cuando las economías se desarrollan los beneficios relativos de las instituciones disminuyen y los de los mercados aumentan.

Suggested Citation

  • Ratna Sahay & Martin Cihák & Papa N’Diaye & Adolfo Barajas & Ran Bi & Diana Ayala & Yuan Gao & Annette Kyobe & Lam Nguyen & Christian Saborowski & Katsiaryna Svirydzenka & Seyed Reza Yousefi, 2015. "Repensar la profundización financiera: estabilidad y crecimiento en los mercados emergentes," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 17(33), pages 73-107, July-Dece.
    • Handle: RePEc:rei:ecoins:v:17:y:2015:i:33:p:73-107
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    References listed on IDEAS

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    Cited by:

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    2. Seifelyazal Mostafa & Salah Eldin Ashraf & ElSherif Marwa, 2023. "The Impact of Financial Inclusion on Economic Development," International Journal of Economics and Financial Issues, Econjournals, vol. 13(2), pages 93-101, March.

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