Intermediación financiera y su influencia en el crecimiento económico del Ecuador en el periodo 1979-2008.

This work aims to identify the channels that link intermediation Financial System in Economic Growth Ecuador, also seeks to know the main features of the financial system and analyze the development of indicators. To this end, it develops an econometric model of economic growth for the period 1979-2008 with four estimates, which include variables representing financial intermediation. From the results it was found that private sector credit (variable included in the estimate No. 1), is one of the channels through which the financial system has a positive effect on economic growth. Furthermore deposits quasi-money (variable included in the estimate No. 2), was also significant, showing that an increase in deposits in the long term, it provides the financial system's ability to provide credit for investments longer and generate greater profitability, boosting economic growth. The analysis of the evolution of financial indicators, shown for the case of credit to the private sector, as in the eighties had a moderate development, while at the beginning of the nineties result of financial liberalization policies, experienced rapid credit expansion without adequate regulation led to the crisis of 1999, regarded as one of the financial and economic crises more severe Ecuadorian history. Since 2000, private sector credit recovers significantly, marking a new stage of economic stability. Regarding the participation of monetary aggregates in GDP, we find that the quasi-money (M2) is below the narrow money (M1) during the eighties, which shows the insufficient capacity of financial institutions to provide long-term resources, in contrast from the nineties the situation is reversed, the quasimoney growth is such that by 2008 their share in GDP is almost double the share of narrow money. Then, given the results of this thesis, we test the hypothesis, thus showing that financial intermediation has a positive and significant effect on economic growth in Ecuador.

• Hlavní autor: Urrego Castillo, Richard Antonio (author)
• Médium: bachelorThesis
• Jazyk: spa
• Vydáno: 2012
• Témata: ECONOMIA; INTERMEDIACIÓN; FINANCIERA
• On-line přístup: http://dspace.unl.edu.ec/jspui/handle/123456789/20063