Concentration and interest rates in the Ecuadorian financial system
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Abstract
The neoclassical paradigm of competition imposes on the markets a model based on deregulation to achieve development that is defined as the deregulated market, in the real world, this only causes greater concentration, in Ecuador the concentration of the financial system is quite high, the consequences of this ranging from low access to credit, less support for innovation, less tax revenue, capital flight, among others, starting with the considerations of competition we propose an analysis of the concentration of Ecuadorian financial sectors, its consequences and some alternatives.
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