Araújo, Nilton Clóvis Machado de; Stulp, Valter José - In: Nova Economia 17 (2007) 1, pp. 165-194
This article analyzes the convergence of the financial systems of 27 developed and underdeveloped countries, based on their performance during the periods from 1971 to 1990, and 1990 to 2000. The analysis was performed using Markov matrices, and was based on two variables related to the role of...