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dc.creatorGonzález Vega, Claudioen_US
dc.description.abstractThis paper examines the evolution of the Costa Rican financial reform during the past decade. The conceptual framework for the analysis distinguishes between two perspectives on the role of the financial system: as a mechanism for economic growth through the integration of markets or as a fiscal tool for planning and the levying of taxes and granting of subsidies through financial transactions. After a recognition of the deficiencies of a fiscal perspective, the Costa Rican financial reform has attempted to shift policy emphasis towards market-oriented operations. The two most important remaining distortions are the state-owned banks' monopoly on deposit mobilization and the lack of clear property rights (and, therefore, of accountability) over those banks. There is also incomplete and inadequate regulation of non-banking financial institutions. A more market-oriented perspective needs to be brought to their operation.en_US
dc.format.extentPages: 18en_US
dc.publisherOhio State University. Department of Agricultural, Environmental, and Development Economicsen_US
dc.relation.ispartofseriesOhio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1993en_US
dc.rightsThis item may be protected by copyright, and is made available here for research and educational purposes. The user is responsible for making a final determination of copyright status. If copyright protection applies, permission must be obtained from the copyright holder to reuse, publish, or reproduce the object beyond the bounds of Fair Use or other exemptions to the law.en_US
dc.titleCosta Rica: Reformas Financieras Recientesen_US
dc.type.genreWorking Paperen_US

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