Data associated with: Wealth, Financial Intermediation, and Saving in Latin America and the Caribbean

This broad and novel database of 52 countries over 2001–11, allowed a study that assesses the link between financial intermediation and saving. The study finds that the Latin American and Caribbean (LAC) region lags well behind other regions in terms of financial depth, as measured by gross private domestic financial assets. LAC countries also have a larger share of bank deposits and cash in the private sector portfolio, compared to non-bank assets (bonds and shares). Moreover, within the institutional investor industry, pension funds are relatively developed in the region, although they grew out of the compulsory pension systems in several countries that date back to the 1980s and 1990s. The findings also indicate that LAC countries have about 40 percent of gross private financial wealth invested abroad, but just 4 percent of gross private liabilities have that origin, which attests to region’s obstacles in tapping international markets. The countries in general present a small share of household and business saving being intermediated through the financial system. In the specific case of bank deposits, just 5 percent of household saving and 3 percent of business saving are kept in the banking system.

这份覆盖2001至2011年、涵盖52个国家的大型新颖数据库，为一项探究金融中介与储蓄之间关联的研究提供了支撑。该研究显示，以私人国内金融资产总额衡量的金融深度层面，拉丁美洲及加勒比地区（Latin American and Caribbean, LAC）远落后于其他区域。相较于非银行类资产（债券与股票），该地区国家的私人部门资产组合中，银行存款与现金占比更高。此外，在机构投资者行业范畴内，该地区的养老基金发展相对成熟——尽管这类基金多源自20世纪80至90年代部分国家建立的强制性养老金体系。研究结果同时显示，拉丁美洲及加勒比地区国家约40%的私人金融资产总额投向海外，但仅4%的私人负债总额源自境外，这印证了该地区在开拓国际市场方面存在诸多阻碍。总体而言，该地区国家通过金融体系中介的家庭与企业储蓄占比偏低。就银行存款这一具体维度而言，仅5%的家庭储蓄与3%的企业储蓄留存于银行体系之中。