Financial Integration In Latin America

Author : Mr.Charles Enoch,Wouter Bossu,Carlos Caceres,Ms.Diva Singh
Publisher : International Monetary Fund
Page : 226 pages
File Size : 51,9 Mb
Release : 2017-04-10
Category : Business & Economics
ISBN : 9781513520247

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Financial Integration in Latin America by Mr.Charles Enoch,Wouter Bossu,Carlos Caceres,Ms.Diva Singh Pdf

With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to stimulate growth are needed. This book examines the financial landscapes of seven Latin American economies—Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay—and makes a case for them to pursue regional financial integration. Chapters set out the benefits to the region of financial integration, the barriers to cross-border activity in banks, insurance companies, pension funds, and capital markets, as well as recommendations to address these barriers. Finally, the volume makes the case that regional integration now could be a step toward global integration in the short term.

Author : Luc Eyraud,Ms.Diva Singh,Mr.Bennett W Sutton
Publisher : International Monetary Fund
Page : 32 pages
File Size : 45,5 Mb
Release : 2017-01-18
Category : Business & Economics
ISBN : 9781475568684

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Benefits of Global and Regional Financial Integration in Latin America by Luc Eyraud,Ms.Diva Singh,Mr.Bennett W Sutton Pdf

The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a significant missed opportunity. This paper examines the scope for further global and regional financial integration in Latin America, based on economic fundamentals and comparisons to other emerging regions, and quantifies the potential macroeconomic gains that such integration could bring. The analysis suggests that closing the financial integration gap could boost GDP growth be 1⁄4 - 3⁄4 percentage point in these countries, on average.

Author : International Monetary Fund. Western Hemisphere Dept.,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Research Dept.,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 198 pages
File Size : 55,7 Mb
Release : 2016-04-03
Category : Business & Economics
ISBN : 9781498345897

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Financial Integration in Latin America by International Monetary Fund. Western Hemisphere Dept.,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Research Dept.,International Monetary Fund. Legal Dept. Pdf

Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China’s growth, and a number of global banks have been leaving the region. AlthoughLatin American countries were generally less affected by the global financial crisis (GFC) than other regions, the region continues also to suffer from the protracted sluggish growth in advanced economies. In addition, there has since 2008 been a withdrawal of global banks from the region, thus potentially worsening access to credit or reducing competition in the financial sector. More broadly, the GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s...

Author : Pierre van der Haegen
Publisher : Taylor & Francis
Page : 536 pages
File Size : 54,6 Mb
Release : 2019-10-28
Category : Business & Economics
ISBN : 9781351150477

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Regional Integration in Europe and Latin America by Pierre van der Haegen Pdf

Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.

Author : Mr.Luis Catão,Valeriya Dinger,Daniel Marcel te Kaat
Publisher : International Monetary Fund
Page : 42 pages
File Size : 52,8 Mb
Release : 2017-10-31
Category : Business & Economics
ISBN : 9781484324769

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International Financial Integration and Funding Risks: Bank-Level Evidence from Latin America by Mr.Luis Catão,Valeriya Dinger,Daniel Marcel te Kaat Pdf

Using a sample of over 700 banks in Latin America, we show that international financial liberalization lowers bank capital ratios and increases the shares of short-term funding. Following liberalization, large banks substitute interbank borrowing for equity and long-term funding, whereas small banks increase the proportions of retail funding in their liabilities, which have been particularly vulnerable to flight-to-quality during periods of financial distress in much of Latin America. We also find evidence that riskier bank funding in the aftermath of financial liberalizations is exacerbated by asymmetric information, which rises on geographical distance and the opacity of balance sheets.

Author : Pierre van der Haegen,José Viñals
Publisher : Routledge
Page : 536 pages
File Size : 43,9 Mb
Release : 2020-10-15
Category : Electronic
ISBN : 1138620335

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Regional Integration in Europe and Latin America by Pierre van der Haegen,José Viñals Pdf

Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.

Author : Pierre Louis Haegen,José Viñals
Publisher : Ashgate Publishing
Page : 548 pages
File Size : 41,8 Mb
Release : 2003
Category : Comparative economics
ISBN : UCSD:31822033456989

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Regional Integration in Europe and Latin America by Pierre Louis Haegen,José Viñals Pdf

This comprehensive collection comprising 28 contributors provides an innovative comparison between economic and financial integration in Europe and Latin America. It is a valuable overview focusing on three topics: regional integration and monetary co-operation in Europe and Latin America, exchange rate strategies and financial sector structure.

Author : Pedro Aspe Armella,Rudiger Dornbusch,Maurice Obstfeld
Publisher : University of Chicago Press
Page : 305 pages
File Size : 46,6 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9780226029979

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Financial Policies and the World Capital Market by Pedro Aspe Armella,Rudiger Dornbusch,Maurice Obstfeld Pdf

The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.

Author : F. John Mathis
Publisher : Unknown
Page : 128 pages
File Size : 42,7 Mb
Release : 1986-01-01
Category : Electronic
ISBN : 087755076X

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Economic Integration in Latin America by F. John Mathis Pdf

Author : Altaf Gauhar
Publisher : Unknown
Page : 312 pages
File Size : 55,7 Mb
Release : 1985
Category : International economic integration
ISBN : STANFORD:36105004717422

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Regional Integration by Altaf Gauhar Pdf

Author : Organisation for Economic Co-operation and Development. Development Centre
Publisher : OECD Publishing
Page : 148 pages
File Size : 47,9 Mb
Release : 2000
Category : Business & Economics
ISBN : STANFORD:36105029495301

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Global Finance from a Latin American Viewpoint by Organisation for Economic Co-operation and Development. Development Centre Pdf

The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of ...

Author : Barbara Stallings
Publisher : Rowman & Littlefield
Page : 326 pages
File Size : 47,8 Mb
Release : 2006-03-08
Category : Business & Economics
ISBN : 9780815797913

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Finance for Development by Barbara Stallings Pdf

A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financial sector, Barbara Stallings and Rogerio Studart examine the dramatic changes resulting from financial liberalization in the region. The authors begin by discussing the critical transformations taking place in Latin America since 1990—a period marked by acceleration toward a new open, market-oriented development model, and away from a semi-closed model relying heavily on the state. Stallings and Studart examine changes in ownership of the financial sector and government regulation of banking, evaluate the role of capital markets as a source of finance, and compare Latin America's financial sector to that of East Asia. The second section of the book features case studies that demonstrate the changes occurring in Chile, Mexico, and Brazil with particular reference to finance for investment and access to credit. The authors conclude with a set of policy recommendations aimed at strengthening Latin American banks and capital markets so that they can play a greater role in supporting economic development.

Author : Ms. Dora M. Iakova,Mr. Luis M. Cubeddu,Gustavo Adler,Sebastian Sosa
Publisher : International Monetary Fund
Page : 270 pages
File Size : 53,6 Mb
Release : 2014-12-23
Category : Business & Economics
ISBN : 9781484301548

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Latin America: New Challenges to Growth and Stability by Ms. Dora M. Iakova,Mr. Luis M. Cubeddu,Gustavo Adler,Sebastian Sosa Pdf

Over the past fifteen years countries in Latin America made tremendous progress in strengthening their economies and improving living standards. Although output fell temporarily during the global financial crisis, most economies staged a rapid recovery. However, economic activity across the region has been cooling off and the region is facing a more challenging period ahead. This book argues that Latin America can rise to the challenge, and policymakers in the region are already implementing reforms in education, energy, and other sectors. More is needed, and more is possible, in Latin America’s quest to continue to improve living standards.

Author : Robert Devlin,Lucio Castro
Publisher : BID-INTAL
Page : 47 pages
File Size : 54,9 Mb
Release : 2002
Category : Electronic
ISBN : 9789507381355

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Regional banks and regionalism : a new frontier for development financing (Working Paper ITD = Documento de Trabajo ITD; 13) by Robert Devlin,Lucio Castro Pdf

Author : Henri Fortin,Ana Cristina Hirata Barros,Kit Cutler
Publisher : World Bank Publications
Page : 196 pages
File Size : 49,9 Mb
Release : 2009-11-18
Category : Business & Economics
ISBN : 0821381113

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Accounting for Growth in Latin America and the Caribbean by Henri Fortin,Ana Cristina Hirata Barros,Kit Cutler Pdf

The importance of moving toward high-quality, global standards of accounting and auditing has never been clearer. In the midst of the global financial and economic crisis, the leaders of the Group of 20 met and issued their Declaration on Strengthening the Financial System , placing significant emphasis on sound accounting and auditing standards as a critical piece of the international financial architecture. Transparent and reliable corporate financial reporting underpins much of the Latin America and Caribbean development agenda, from private-sector-led growth to enhanced financial stability, facilitating access to finance for small and medium enterprises, and furthering economic integration. For nearly 10 years, the World Bank has prepared diagnostic Reports on the Observance of Standards and Codes (ROSCs) on Accounting and Auditing (A and A) at the country level. In Latin America and the Caribbean, ROSC A and A reports have been completed for 17 countries. This book takes a step back and seeks to distill lessons from a regional perspective. 'Accounting for Growth in Latin America and the Caribbean' is the first book to examine financial reporting and auditing in the region in a systematic way, drawing on the World Bank s years of experience and analysis in this area. The book is designed to inform the policy dialogue on accounting and auditing issues among government officials, the accounting profession, the private sector, academia, and civil society in LAC countries. It also seeks to disseminate the lessons learned to key players at the international and regional level, including the donor community, in order to generate momentum for reform of accounting and auditing throughout the region.