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| dc.title | Long-term Finance in Latin America: A Scoreboard Model |
| dc.contributor.author | Beck, Thorsten |
| dc.contributor.orgunit | Capital Markets and Financial Institutions Division |
| dc.coverage | Latin America |
| dc.date.available | 2016-08-17T00:00:00 |
| dc.date.issue | 2016-08-16T00:00:00 |
| dc.description.abstract | Theory and empirical work have shown that long-term finance is critical for households, firms and government and for the overall development of the economy. The development of efficient and sustainable long-term financial markets, however, depends on macroeconomic stability and an effective institutional framework. Policy initiatives, including tax policy, regulation and competition policies can also improve the availability of long-term finance within these more fundamental constraints. However, country characteristics including size and demographic structure also play an important role. When comparing the provision of long-term finance across countries, it is important to take into account both structural characteristics and long-term policy constraints. A scoreboard for long-term finance in Latin America is suggested with indicators comparing different dimensions of long-term finance. Specifically, the paper suggests several indicators of the depth and inclusiveness of long-term financial markets, to be benchmarked according to country characteristics, and several policy variables, to be included in a scoreboard for long-term finance in Latin America. |
| dc.format.extent | 54 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0007018 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Long-term-Finance-in-Latin-America-A-Scoreboard-Model.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Financial Service |
| dc.subject | Financial System |
| dc.subject | Financial Bond |
| dc.subject | Housing Finance |
| dc.subject | Taxation |
| dc.subject | Small Business |
| dc.subject | Long-Term Finance |
| dc.subject.jelcode | G10 - General Financial Markets: General |
| dc.subject.jelcode | G18 - Government Policy and Regulation |
| dc.subject.jelcode | G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages |
| dc.subject.jelcode | G22 - Insurance • Insurance Companies • Actuarial Studies |
| dc.subject.jelcode | G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors |
| dc.subject.jelcode | G28 - Government Policy and Regulation |
| dc.subject.keywords | benchmarking;Latin America;long-term finance |
| dc.type | Discussion Papers |
| idb.identifier.pubnumber | Discussion Papers |
| idb.operation | RG-K1402 |