Free banking and bank entry in Latin America

Luis Felipe Zegarra

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

2 Citas (Scopus)


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.

Idioma originalInglés
Páginas (desde-hasta)131-142
Número de páginas12
PublicaciónInvestigaciones de Historia Economica
EstadoPublicada - oct. 2013
Publicado de forma externa


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