TY - SER AU - Torre,Augusto de la AU - Feyen,Erik AU - Ize,Alain TI - Financial development : : structure and dynamics SN - 02586770 KW - Instituciones financieras internacionales N1 - Bibliografía : páginas 540-541; Financial frictions, financial development, and financial stability, 517 ;; Data and estimation procedures, 521 ;; FD growth patterns, 523; The role of policy, 533 ;; Final thoughts, 537 N2 - This paper analyzes the process of f inancial development over the last three to four decades from the perspective of the fundamental frictions (agency and collective) to which economic agents where exposed ER -