Free banking and bank entry in Latin America

Luis Felipe Zegarra

doi:10.1016/j.ihe.2013.06.013

Free banking and bank entry in Latin America

Luis Felipe Zegarra

Pontificia Universidad Católica del Perú

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

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.

Original language	English
Pages (from-to)	131-142
Number of pages	12
Journal	Investigaciones de Historia Economica
Volume	9
Issue number	3
DOIs	https://doi.org/10.1016/j.ihe.2013.06.013
State	Published - Oct 2013
Externally published	Yes

Keywords

Bank entry
Bank laws
Banking sector
Latin America

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10.1016/j.ihe.2013.06.013

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AB - 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.

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KW - Bank laws

KW - Banking sector

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Free banking and bank entry in Latin America

Abstract

Keywords

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