Abstract

SOTO, Roberto. Latin America: Between Financialization and Productive Finance. Prob. Des [online]. 2013, vol.44, n.173, pp.57-78. ISSN 0301-7036.

The goal of this article is to analyze how financialization has led to a series of transformations to financial systems, especially in Latin America. This has modified their traditional ways, as is the case for both the public and private banking markets, affecting the process to finance productive activities. The foreignization of national financial systems has increased speculation and generated recurring and deeper economic crisis scenarios. Therefore the structural reforms imposed on Latin American countries have increased employment problems, inequality and poverty in the region.

Keywords : financialization; deregulation; crisis; financial system.

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