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The imperfections of the capital market

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  • Sarmiento Palacio, Eduardo

Abstract

Analiza elementos del mercado de capitales: la complementariedad entre el credito y la demanda de bienes, la oferta de bienes fisicos, el poder monopolista de los agentes y el predominio de las expectativas de adaptacion. Examina los efectos de la liberalizacion de los mercados de capitales; y delinea las caracteristicas de las reformas financieras requeridas para conciliar eficacia y estabilidad.

Suggested Citation

  • Sarmiento Palacio, Eduardo, 1985. "The imperfections of the capital market," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:12435
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/12435
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    References listed on IDEAS

    as
    1. Juan Camilo Restrepo Salazar & Juan Guillermo Serna Valencia & Manuel Gilberto Rosas, 1983. "Inflación, financiamiento y capitalización empresarial," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 2(4), pages 153-198, December.
    2. Santiago Herrera & Olver Bernal, 1983. "Producción, costos y economías de escala en el sistema bancario colombiano," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 2(3), pages 7-36, April.
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