International financial institutions in Latin America and Europe from the second post-war period

The evolution of them markets financial and the institutions Bank International has been considered a factor fundamental of the development of the economies and the integration regional and global (DeLong and Eichengreen 2003 and Eichengreen 2010). In principle, to greater level of integration economic and financial, those benefits economic achieved have been higher (Eichengreen 2007). By this, after the second war world, is established institutions financial International (IFIs) with the objective of reset standards and rules for the operation of those markets financial global that promote the growth and it integration. For this purpose were created IFIs such as the World Bank (founded in 1944) and banks of regional integration as the European Investment Bank (EIB, 1958) and the Inter American Development Bank (IDB, 1959), the Central American Bank for economic integration (CABEI, 1960) and the Andean Development Corporation (CAF, 1968), whose objective has been to facilitate access to global capital markets and the regional investment (Clifton et al. 2014a).

He role that have had them IFIs from the post-war, as the Bank world to scale global, and the BEI, the IDB, the BCIE and the CAF, to scale regional, would have propitiated the development of them markets financial global and it integration regional. While some specialists have investigated on the paper crucial that has had historically the Bank world in the globalization of them markets financial and the development of them Nations (e.g. Alacevic, 2009), quite little is known about them IFIs regional that would have had a paper key in the development and the integration of Europe and America Latin. This lack of historical studies can be explained by the fact that, until recently, these IFIs have not had sufficient information on their financial operations (Clifton et al. 2014b for the EIB, or BID 2013). The recent opening of them files historical of these institutions financial regional, as well as the opening of others files Bank of institutions financial national of development (Rougier 2011) and, also, of banks private, as the file historical bank Santander, us provides the possibility of collect their databases for perform an analysis historical compared rigorous on the contribution of them IFIs to the development national , the integration regional and the globalization.