¿Vale la pena tener intermediarios financieros propios? Un examen a la literatura reciente
[Does it worth having local financial intermediaries? An examination onto recent literature]
Does a small economy benefit from having local financial intermediaries? If "yes", then what can be done to ameliorate the performance of local financial intermediaries? This article it is made a review on theoretical and empirical literature related with both questions. Two strands of the literature are explored: that which relates finance and growth and that which is devoted to "home bias". Both approaches give support to the idea of local financial intermediaries even in small economies.
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World Bank Research Observer,
World Bank Group, vol. 13(2), pages 171-189, August.
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- Lewis, K.K., 1998. "Explaining Home Bias in Equities and Consumption," Weiss Center Working Papers 98-05, Wharton School - Weiss Center for International Financial Research. Full references (including those not matched with items on IDEAS)
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