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Estructura y desarrollo de instituciones financieras y su relación con la confianza: elementos de juicio de varios países

  • Arturo Galindo


  • Alberto Chong


  • César Calderón

(Disponible en idioma inglés únicamente) Analizamos la relación entre la confianza y una amplia gama de medidas relacionadas con la estructura financiera y el desarrollo. Nuestra muestra de base es una muestra representativa de 48 países y el análisis cubre el período de 1980 a 1994. Usamos un nuevo conjunto de datos del Banco Mundial que proporciona la cobertura más amplia del desarrollo y la estructura financiera a la fecha. Hallamos que la confianza guarda una relación con la profundidad y la eficiencia financieras, así como con el desarrollo del mercado bursátil. Los resultados son valederos cuando se emplea un enfoque de variables instrumentales, y son valederos igualmente ante cambios de especificación cuando se emplea un análisis formal de sensibilidad Sala-i-Martín.

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Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4252.

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Date of creation: Apr 2001
Date of revision:
Handle: RePEc:idb:wpaper:4252
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