Title
Free banking and bank entry in Latin America
Date Issued
01 October 2013
Access level
open access
Resource Type
journal article
Publisher(s)
Spanish Association of Economic History
Abstract
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. © 2012 Asociación Española de Historia Económica. Published by Elsevier España, S.L. All rights reserved.
Start page
131
End page
142
Volume
9
Issue
3
Language
English
OCDE Knowledge area
Economía
Subjects
Scopus EID
2-s2.0-84884670700
Source
Investigaciones de Historia Economica
ISSN of the container
1698-6989
Sponsor(s)
Financial support was provided by Kenneth Sokoloff, the UCLA Department of Economics , the Economic History Association , the All-UC Economic History Group , the Latin American and Caribbean Economic Association-LACEA , the UCLA-Latin American Center , the UCLA-Global Fellows Program , and the Institute for Humane Studies .
Sources of information:
Directorio de Producción Científica
Scopus