Sistema Financiero Y Productividad Económica

Abstract

The financial crisis that broke out in autumn of 2007 has made us wonder about the economic effects of finance. From a suggestive approach this work analyzes the consequences of the expansion of the markets, the institutions and the volume of financial transactions. Finance has spread to all the facets of economic life, with families as the main player. Some countries have incurred substantial deficits trying to soften the correction required of the debt overhanging on families, businesses and financial institutions. The actions of governments and central banks, having taken into consideration the Great Depression's experience, have flooded with liquidity the financial systems.Five years after the beginning of the financial crisis no sustained financial recuperation is discerned and no decisive reforms have been produced in order to reduce the potential financial instability.