Abstract

TOVAR GARCIA, Édgar Demetrio. Desarrollo institucional y desarrollo financiero. Prob. Des [online]. 2007, vol.38, n.150, pp.11-41. ISSN 0301-7036.

Deepening the understanding of the determinants of financial development is an important task, given the positive nexus it has with the economic development process. Many prominent factors favor financial development, including legislation, macroeconomic policy, inflation, culture, and the geographical context. This study aims to bring together the institutional determinants in a single line of explanation, generating the concept of institutional development of the financial system and providing empirical evidence of its positive effects on the financial system.

Keywords : financial development; institutions; institutional development of the financial system; economic development.

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