Financial repression and the Latin American finance pattern

Financial repression and the Latin American finance pattern

Includes bibliography

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Autor principal: Cintra, Marcos Antônio Macedo
Formato: Texto
Lenguaje:English
Publicado: 2014
Materias:
CONSENSO DE WASHINGTON
ADMINISTRACION FINANCIERA
AJUSTE ESTRUCTURAL
FORMACION DE CAPITAL
POLITICA FINANCIERA
REFORMA TRIBUTARIA
CAPITAL FORMATION
FINANCIAL MANAGEMENT
FINANCIAL POLICY
STRUCTURAL ADJUSTMENT
TAX REFORM
WASHINGTON CONSENSUS
Acceso en línea:http://hdl.handle.net/11362/10490
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spelling oai-11362-104902020-03-03T20:03:42Z Financial repression and the Latin American finance pattern Cintra, Marcos Antônio Macedo CONSENSO DE WASHINGTON ADMINISTRACION FINANCIERA AJUSTE ESTRUCTURAL FORMACION DE CAPITAL POLITICA FINANCIERA REFORMA TRIBUTARIA CAPITAL FORMATION FINANCIAL MANAGEMENT FINANCIAL POLICY STRUCTURAL ADJUSTMENT TAX REFORM WASHINGTON CONSENSUS Includes bibliography This 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. 2014-01-02T18:41:10Z 2014-01-02T18:41:10Z 1994-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10490 LC/G.1832-P en CEPAL Review CEPAL Review 53 application/pdf ARGENTINA BRASIL CHILE URUGUAY ARGENTINA BRAZIL CHILE URUGUAY
institution Cepal
collection Cepal
language English
topic CONSENSO DE WASHINGTON
ADMINISTRACION FINANCIERA
AJUSTE ESTRUCTURAL
FORMACION DE CAPITAL
POLITICA FINANCIERA
REFORMA TRIBUTARIA
CAPITAL FORMATION
FINANCIAL MANAGEMENT
FINANCIAL POLICY
STRUCTURAL ADJUSTMENT
TAX REFORM
WASHINGTON CONSENSUS
spellingShingle CONSENSO DE WASHINGTON
ADMINISTRACION FINANCIERA
AJUSTE ESTRUCTURAL
FORMACION DE CAPITAL
POLITICA FINANCIERA
REFORMA TRIBUTARIA
CAPITAL FORMATION
FINANCIAL MANAGEMENT
FINANCIAL POLICY
STRUCTURAL ADJUSTMENT
TAX REFORM
WASHINGTON CONSENSUS
Cintra, Marcos Antônio Macedo
Financial repression and the Latin American finance pattern
description Includes bibliography
format Texto
author Cintra, Marcos Antônio Macedo
author_facet Cintra, Marcos Antônio Macedo
author_sort Cintra, Marcos Antônio Macedo
title Financial repression and the Latin American finance pattern
title_short Financial repression and the Latin American finance pattern
title_full Financial repression and the Latin American finance pattern
title_fullStr Financial repression and the Latin American finance pattern
title_full_unstemmed Financial repression and the Latin American finance pattern
title_sort financial repression and the latin american finance pattern
publishDate 2014
url http://hdl.handle.net/11362/10490
work_keys_str_mv AT cintramarcosantoniomacedo financialrepressionandthelatinamericanfinancepattern
_version_ 1718432969129984000

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