Sistemas y comportamientos financieros comparados en América del Norte

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Fernando Velázquez Vadillo

Abstract

En este trabajo se analiza si el desarrollo de los mercados financieros en los países de América del Norte implica una estructura de los sistemas financieros centrada en esos mercados y si esta característica se reproduce a nivel de la estructura de financiamiento de las empresas. Los datos muestran que no hay una convergencia de ambas estructuras hacia un esquema basado en los mercados financieros, lo que sugiere una mínima posibilidad de modificar los comportamientos de financiamiento a través de políticas públicas que influyan en la estructura del sistema financiero.AbstractThis article analiyses if the development of financial markets in North American countries means that financial systems structures are becoming market based and if this is shaping corporate financial structures in the same way. Data shows that there is no convergence of both structures toward a market based architecture. We conclude that public policies aimed to modify financial system structure have little influence in corporate financial choices

Article Details

How to Cite
Velázquez Vadillo, F. (2017). Sistemas y comportamientos financieros comparados en América del Norte. Frontera Norte, 20(40), 169–198. https://doi.org/10.17428/rfn.v20i40.989
Section
Papers

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