Free Banking and Bank Entry in Latin America

Miniatura

Fecha

2012

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Editor

CENTRUM Publishing

Resumen

This article analyzes the impact of free-banking on the banking sector in Latin America in the 19th and early 20th centuries. I use data for seven countries to compare the entry of banks and the growth of bank output prior and after the enactment of free-banking laws to determine whether free-banking (by establishing general requirements for granting note-issuance rights) lowered barriers to entry. The results show that in most Latin American countries the adoption of free-banking laws did not cause in the short run an increase in bank entry and in bank output growth.

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Palabras clave

Latin America, Banking sector, Bank laws, Bank entry

Citación

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Licencia Creative Commons

Excepto se indique lo contrario, la licencia de este artículo se describe como info:eu-repo/semantics/openAccess