IDEAS home Printed from https://ideas.repec.org/p/bku/doctra/2012006.html
   My bibliography  Save this paper

Determinantes del Desarrollo de mercados financieros privados: ¿qué pueden decirnos los datos?

Author

Listed:
  • Magdalena Borges
  • María Victoria Landaberry
  • Gerardo Licandro

    (Banco Central del Uruguay)

Abstract

This essay surveys the results of a wide set of empirical methodologies on the issue of domestic debt market development determinants with data covering 46 countries from 2005 to 2010. We find that the wide dispersion in results in previous research on the field arises from the huge differences between the databases used by different researchers. Given the limitations of the data we concentrate on a meta analysis of the different methodological approaches used, which cover cross section and panel estimation techniques. We find that economy size, inflation, macroeconomic stability, financial openess, institutional quality and institutional investors play a relevant role in domestic market development.

Suggested Citation

  • Magdalena Borges & María Victoria Landaberry & Gerardo Licandro, 2012. "Determinantes del Desarrollo de mercados financieros privados: ¿qué pueden decirnos los datos?," Documentos de trabajo 2012006, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2012006
    as

    Download full text from publisher

    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/6.2012.pdf
    File Function: First version, 2012
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rousseau, Peter L. & Yilmazkuday, Hakan, 2009. "Inflation, financial development, and growth: A trilateral analysis," Economic Systems, Elsevier, vol. 33(4), pages 310-324, December.

    More about this item

    Keywords

    financial market development; domestic debt markets; determinants;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bku:doctra:2012006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca Especializada (email available below). General contact details of provider: https://edirc.repec.org/data/bcugvuy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.