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Desarrollo financiero, crecimiento y volatidad: Revisión de la literatura reciente

Author

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  • Rodolfo Cermeño

    (Centro de Investigaciones y Docencias Económicas)

  • María José Roa

    (Centro de Estudios Monetarios Latinoamericamos)

Abstract

La presente investigación tiene como objetivo revisar la literatura reciente, teórica y empírica, que estudia los efectos del desarrollo financiero sobre el crecimiento económico y su volatilidad. Con este estudio se pretende profundizar en el análisis de los posibles canales de interacción entre estos fenómenos económicos. La detección de dichos vínculos es clave para el desarrollo de políticas dirigidas a promover el crecimiento económico y disminuir la volatilidad. Mientras la mayor parte de los trabajos afirman que el desarrollo financiero afecta positivamente al crecimiento económico, la crisis reciente invita a repensar los vínculos complejos entre el desarrollo financiero y la volatilidad del crecimiento.

Suggested Citation

  • Rodolfo Cermeño & María José Roa, 2013. "Desarrollo financiero, crecimiento y volatidad: Revisión de la literatura reciente," Documentos de Investigación - Research Papers 9, CEMLA.
    • Handle: RePEc:cml:docinv:9
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    More about this item

    Keywords

    Crecimiento; Volatilidad; Desarrollo;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G00 - Financial Economics - - General - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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