Financial repression and the Latin American finance pattern

Vista sencilla de ítem
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(53/94)
cepal.docTypeRevistas
cepal.idSade19983
cepal.topicEngFINANCIAL ARCHITECTURE
cepal.topicEngSTRUCTURAL HETEROGENEITY
cepal.topicEngSTRUCTURAL CHANGE
cepal.topicSpaARQUITECTURA FINANCIERA
cepal.topicSpaHETEROGENEIDAD ESTRUCTURAL
cepal.topicSpaCAMBIO ESTRUCTURAL
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCintra, Marcos Antônio Macedo
dc.coverage.spatialEngARGENTINA
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialEngCHILE
dc.coverage.spatialEngURUGUAY
dc.coverage.spatialSpaARGENTINA
dc.coverage.spatialSpaBRASIL
dc.coverage.spatialSpaCHILE
dc.coverage.spatialSpaURUGUAY
dc.date.accessioned2014-01-02T18:41:10Z
dc.date.available2014-01-02T18:41:10Z
dc.date.issued1994-08
dc.descriptionIncludes bibliography
dc.description.abstractThis article presents a critique of the theory of financial repression, in place of which it offers an alternative approach to development financing, based mainly on the Keynesian tradition. The concept of financial repression refers to the situation of a market suffering from institutional obstacles, both in terms of economic policy and administrative aspects, which prevent it from attaining an equilibrium position and thus jeopardize the rationality of the resource allocation process. The policy consequences that follow from a study of this theory mainly involve the liberalization of the financial sector as a contribution to the development process. The author seeks to identify the limitations of policy options based on the theory of financial repression and proposes other alternatives which fit in better with the structural conditions of Latin American financial markets and the place they occupy within the international credit markets. He concludes that it is necessary to develop new forms of credit creation and financial intermediation, and not just redirect the existing resources and institutions. The financial sector cannot be burdened with the exclusive responsibility for correcting the intrinsic features of a given development pattern, reallocating resources in given directions, or increasing the rate of investment. Consequently, in various situations the State has been obliged to use financial policy mechanisms that facilitate the industrialization process.
dc.formatTexto
dc.format.extentpáginas. 31-47
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.1832-P
dc.identifier.urihttps://hdl.handle.net/11362/10490
dc.language.isoeng
dc.physicalDescriptionp. 31-47
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo53
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngCAPITAL FORMATION
dc.subject.unbisEngFINANCIAL MANAGEMENT
dc.subject.unbisEngFINANCIAL POLICY
dc.subject.unbisEngSTRUCTURAL ADJUSTMENT
dc.subject.unbisEngTAX REFORM
dc.subject.unbisEngWASHINGTON CONSENSUS
dc.subject.unbisSpaCONSENSO DE WASHINGTON
dc.subject.unbisSpaADMINISTRACION FINANCIERA
dc.subject.unbisSpaAJUSTE ESTRUCTURAL
dc.subject.unbisSpaFORMACION DE CAPITAL
dc.subject.unbisSpaPOLITICA FINANCIERA
dc.subject.unbisSpaREFORMA TRIBUTARIA
dc.titleFinancial repression and the Latin American finance pattern
dc.type.coarrevista
dspace.entity.typePublication
relation.isAuthorOfPublicationc1570cb8-f189-4761-87b1-57a4ca7c1ad7
relation.isAuthorOfPublication.latestForDiscoveryc1570cb8-f189-4761-87b1-57a4ca7c1ad7
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
53031047I_en.pdf
Tamaño:
1.43 MB
Formato:
Adobe Portable Document Format
Descripción:
Document in English
Descargar
Colecciones
Revista CEPAL