Title
Bank laws, economic growth and early banking in Latin America: 1840-1920
Date Issued
01 January 2014
Access level
metadata only access
Resource Type
journal article
Publisher(s)
Academic Press Inc.
Elsevier
Abstract
This article examines the impact of legal and economic factors on the growth of commercial banking in Latin America in the 19th and early 20th centuries. Using annual data for five countries for the period 1840-1920, this article shows that growth in exports had a significant effect on the growth of bank liabilities (deposits plus note issues). For the most part, changes in banking laws did not have a significant effect on the development of banking. This latter result likely reflects heterogeneity in the meaning of changes, as well as the potential dominance of de facto political factors in shaping the importance of de jure legal changes. © 2014 Elsevier Inc.
Start page
101
End page
119
Volume
53
Issue
1
Language
English
OCDE Knowledge area
Economía
Subjects
Scopus EID
2-s2.0-84903763871
Source
Explorations in Economic History
ISSN of the container
0014-4983
Sponsor(s)
I am indebted to Professors Kenneth Sokoloff, Jean-Laurent Rosenthal and Naomi Lamoreaux for their support and advice. I am very grateful to Professor Charles Calomiris for his recommendations and suggestions. I thank the participants in the All-UC Economic History Workshop for Graduate Students, the 10th Annual Meeting of LACEA, the UCLA-Von Gremp Workshop in the History of Entrepreneurship, the UCLA-Proseminar of Economic History, and seminars in the Universidad de los Andes (Bogota, Colombia), Eastern Illinois University at Charleston, UCLA-International Institute, and Central Bank of Peru, for their support, ideas and criticism. I also thank the comments and suggestions of the three anonymous referees who read this article. I have to recognize the contribution of the staff of the UCLA Charles E. Young Research Library, the National Library of Peru, the National Archives of Peru, and the National Library of Colombia, who helped me during the process of data collection. Financial support has been 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