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Una introducción conceptual al desarrollo financiero, capital social y anonimidad: el caso de México

Author

Listed:
  • Sonia Di Giannatale

    (Division of Economics, CIDE)

  • María José Roa García
  • Patricia López

Abstract

In this article, we develop a conceptual framework to study the interaction between financial development and different types of social capital. Our hypothesis is that financial transactions cannot be completely regulated by market contracts, and that market failures still appear in more developed societies, which are characterized by a higher level of task delegation and anonymity. Hence, social networks might complement those market deficiencies. In Mexico, the informal institutions dominate the financial sector, and those institutions are primarily based on social networks. For this reason, we think that, for the case of Mexico, it is important to include the social dynamics in the design of alternative formal financial mechanisms with the objective of reaching an important percentage of the population.

Suggested Citation

  • Sonia Di Giannatale & María José Roa García & Patricia López, 2008. "Una introducción conceptual al desarrollo financiero, capital social y anonimidad: el caso de México," Working Papers DTE 427, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte427
    as

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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE427.pdf
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    References listed on IDEAS

    as
    1. Townsend, Robert M, 1994. "Risk and Insurance in Village India," Econometrica, Econometric Society, vol. 62(3), pages 539-591, May.
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    More about this item

    Keywords

    financial development; social capital; regulation; market contracts; social networks;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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