Imperfectly Substitutable Financial Instruments in an Economic Development Model

Authors

  • Agustín Filippo University of Buenos Aires, Argentina; Inter-American Development Bank (IDB)

Keywords:

Economic Development, Financial System, Multisector Growth Models

Abstract

In an economy with two sectors, the advantages of sectoral specialization of production are analyzed. The development of the financial system, which is expressed through the emergence of new financial instruments, plays a central role. To take advantage of the positive consequences of financial diversification, the government could participate directly or indirectly in the available supply of financial instruments and coordinate financial and productive policy measures.

JEL classification: O16 ; O41 ; O20

Downloads

Download data is not yet available.

Downloads

Published

2010-06-01

How to Cite

Filippo, A. (2010) “Imperfectly Substitutable Financial Instruments in an Economic Development Model”, Ensayos Económicos, (57, 58), pp. 59–94. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/301 (accessed: 1 May 2025).

Issue

No. 57, 58 (2010): Ensayos Económicos

Section

Articles