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¿Fabricar o comprar? Enfoques de la integración de mercados financieros

Author

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  • Michael Gavin
  • Ricardo Hausmann

Abstract

(Disponible en idioma inglés únicamente) Las grandes diferencias entre los mercados financieros que hay actualmente en América Latina y cuánto cabe anticipar que cambien en un marco de integración total sugiere que las limitaciones financieras al desarrollo económico de América Latina tienen mucho que ver con lo incompleto de la integración de los mercados financieros de la región al sistema financiero mundial. En este trabajo se sugiere que la causa subyacente de la limitada integración de América Latina a los mercados financieros mundiales no son las barreras explícitas a las transacciones financieras internacionales. Más bien, lo que impide la integración son las debilidades de los mercados financieros internos de los países latinoamericanos en su intermediación de los flujos internacionales de capitales. Un enfoque adecuado de integración financiera puede fortalecer y profundizar el sistema financiero nacional al permitir importaciones indirectas de los bienes públicos necesarios (provenientes de los países de origen de los bancos) y permitir una mayor diversificación de los riesgos propios de cada país.

Suggested Citation

  • Michael Gavin & Ricardo Hausmann, 1997. "¿Fabricar o comprar? Enfoques de la integración de mercados financieros," Research Department Publications 4053, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4053
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    References listed on IDEAS

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