Preventing Banking Sector Distress And Crises In Latin America

Author : Suman K. Bery,Valeriano F. García
Publisher : World Bank Publications
Page : 124 pages
File Size : 55,9 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821338935

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Preventing Banking Sector Distress and Crises in Latin America by Suman K. Bery,Valeriano F. García Pdf

World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe. Although the countries of the region inherited broadly accessible education systems, the legacies of central planning have constrained the systems from fully adjusting to market economies. This study examines empirical trends in access to and financing of education in nine Central and East European countries by drawing on the findings of a World Bank project that examined the social risks facing people and the policy responses taken by governments since 1989. Chapters address access and participation, the labor market, financing, and staff in the education sector.

Author : Banco Mundial
Publisher : Unknown
Page : 0 pages
File Size : 45,8 Mb
Release : 1997
Category : Banks and banking
ISBN : LCCN:97007156

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Preventing banking sector distress and crises in Latin America : proccedings of a conference held in Washington, D.C. april 15-16, 1996 by Banco Mundial Pdf

Author : Ricardo Hausmann,Liliana Rojas-Suárez
Publisher : IDB
Page : 284 pages
File Size : 54,6 Mb
Release : 1996
Category : Business & Economics
ISBN : 1886938121

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Banking Crises in Latin America by Ricardo Hausmann,Liliana Rojas-Suárez Pdf

Banking crises occur in both industrial and developing countries, but in Latin America they last longer, affect a larger segment of the banking industry and cost the public more. In Banking Crises in Latin America, distinguished policymakers, academicians and bankers examine the main causes of such crises, how governments can manage them more effectively, and how they can be prevented. The six sections of the book focus on the salient features of Latin American banking systems, the macroeconomic causes of banking crises, the microeconomic factors leading to bank difficulties, and the particular constraints that make the management of banking crises more complicated in Latin America than in industrial countries. Policy recommendations at both the macro- and microeconomic level aim to improve the resilience of banking systems to unanticipated shocks. The last section of the book turns the focus to experiences of individual countries. Contributors include Eduardo Aninat, Guillermo Calvo, Michel Camdessus, Sebastian Edwards, Enrique Iglesias, Lawrence Summers and Paul Volcker.

Author : Ms.Liliana Rojas-Suárez,Mr.Steven Riess Weisbrod
Publisher : International Monetary Fund
Page : 120 pages
File Size : 41,8 Mb
Release : 1994-10-01
Category : Business & Economics
ISBN : 9781451853971

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Financial Market Fragilities in Latin America by Ms.Liliana Rojas-Suárez,Mr.Steven Riess Weisbrod Pdf

This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.

Author : Mr.Charles Collyns,Mr.G. Russell Kincaid
Publisher : International Monetary Fund
Page : 131 pages
File Size : 45,6 Mb
Release : 2003-04-10
Category : Business & Economics
ISBN : 9781589062085

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Managing Financial Crises by Mr.Charles Collyns,Mr.G. Russell Kincaid Pdf

This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.

Author : Ms.Alicia García-Herrero
Publisher : International Monetary Fund
Page : 71 pages
File Size : 45,6 Mb
Release : 1997-10-01
Category : Business & Economics
ISBN : 9781451856095

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Banking Crises in Latin America in the 1990's by Ms.Alicia García-Herrero Pdf

Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific causes had the largest macroeconomic impact. Countries with high dollarization and a large share of foreign and government-owned banks maintained a more stable deposit base, at least temporarily, by shifting to dollar-denominated deposits and foreign and government-owned banks. Countries that responded with a rapid, consistent, and comprehensive policy response reduced the negative macroeconomic consequences of their crises.

Author : Luis Ignacio Jácome
Publisher : INTERNATIONAL MONETARY FUND
Page : 49 pages
File Size : 50,5 Mb
Release : 2008-05-01
Category : Electronic
ISBN : 1451869940

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Central Bank Involvement in Banking Crises in Latin America by Luis Ignacio Jácome Pdf

This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring central bank money into the financial system generally derailed monetary policy, fueled further macroeconomic unrest, and contributed to simultaneous currency crises, thereby aggravating financial instability. In contrast, when central bank money issuance was restricted and bank resolution was timely executed, financial disturbances were handled with less economic cost. However, this strategy worked provided appropriate institutional arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking crises.

Author : Liliana Rojas-Suarez
Publisher : Unknown
Page : 128 pages
File Size : 45,8 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1291164418

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Banking Crises in Latin America by Liliana Rojas-Suarez Pdf

This paper argues that the experiences with banking crises in Latin America have been different from those in the industrial world because of the peculiarities of Latin American financial systems. Hence, applying the lessons derived from crisis resolution in the industrial world is not sufficient to deal with banking problems in the region; it must be augmented by the unique experiences of Latin American regulators if future crises in the region are to be managed or avoided. Section II discusses the features of Latin American financial systems that distinguish them from those in the industrial world. Section III discusses how the fragility of these systems contributes to the relative severity of banking crises in the region. The evidence in Section IV suggests that while crises have occurred under both policy regimes, highly regulated regimes have been characterized by a greater volatility in financial markets than more liberal policy environments. Section V considers the phenomenon that often supervisors in Latin America rely more heavily on reserve requirements than on supervision of individual banks to control the growth of risky bank credit. Because high reserve requirements impose costs on both strong and weak banks, these measures should be applied only until the conditions for strong supervision are present. Section VI discusses some policy options for reducing financial market fragility.

Author : Ernesto Talvi,Alejandro Izquierdo
Publisher : Inter-American Development Bank
Page : 70 pages
File Size : 52,6 Mb
Release : 2010-03-22
Category : Business & Economics
ISBN : 8210379456XXX

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The Aftermath of the Crisis by Ernesto Talvi,Alejandro Izquierdo Pdf

In the aftermath of the direst global crisis in recent times, Latin America and the Caribbean have shown remarkable resilience. The aim of this report is threefold: first, to understand the sources of this resilience, identifying the role played by unprecedented international financial support on the one hand, and the strength of domestic macroeconomic fundamentals on the other; second, to highlight the policy lessons that emerge from this analysis both for the region and the international financial community; and finally, to identify critical macroeconomic policy challenges for the region.

Author : Valeriano F. García
Publisher : World Bank Publications
Page : 52 pages
File Size : 43,9 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821339605

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Black December by Valeriano F. García Pdf

Recognizing that technological progress is a necessary ingredient of development, the World Bank has invested substantial resources in agricultural research and extension. This review is divided into two parts to examine Bank-supported projects that were operational in the 1980s and early 1990s. The first part focuses on agricultural extension, highlighting the extension subsector and an overview of Bank lending, the impact of extension investments, and regional performance. The second part looks at agricultural research. Chapters address investment issues, Bank lending, and portfolio performance and present conclusions and recommendations.

Author : Edgardo C. Demaestri,Pietro Masci
Publisher : IDB
Page : 316 pages
File Size : 41,8 Mb
Release : 2003
Category : Business & Economics
ISBN : 1931003475

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Financial Crises in Japan and Latin America by Edgardo C. Demaestri,Pietro Masci Pdf

Author : Anonim
Publisher : Unknown
Page : 265 pages
File Size : 43,9 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:683946681

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Banking Crises in Latin America by Anonim Pdf

Author : Alan Roe,Paul A. Popiel
Publisher : Unknown
Page : 56 pages
File Size : 55,6 Mb
Release : 1990
Category : Economic stabilization
ISBN : UCSD:31822006368872

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The Restructuring of Financial Systems in Latin America by Alan Roe,Paul A. Popiel Pdf

Author : Barbara Stallings,Rogério Studart,United Nations. Economic Commission for Latin America and the Caribbean. Economic Development Division
Publisher : Santiago, Chile : Naciones Unidas, ECLAC/CEPAL
Page : 44 pages
File Size : 43,6 Mb
Release : 2001
Category : Banks and banking
ISBN : UCSD:31822033174350

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Financial Regulation and Supervision in Emerging Markets by Barbara Stallings,Rogério Studart,United Nations. Economic Commission for Latin America and the Caribbean. Economic Development Division Pdf

The financial crisis of 1994-1995 sounded a wake-up call to Latin America, indicating that regulation and supervision needed to be strengthened substantially. Since then, important steps have been taken to set rules and ensure their implementation, but financial regulation and supervision do not take place in a vacuum. On the one hand, they must be consistent with domestic macroeconomic policies. On the other hand, they have to take into account the new international rules being proposed by multilateral agencies. And, all of this must be done in the context of scarce resources, especially trained personnel. This paper looks at these problems from the viewpoint of the Latin American region as a whole and four individual country case studies. The conclusion is that there has been considerable improvement in the banking regulation and supervision since 1994-1997, but that macroeconomic turbulence continues to pose challenges to the stability of the banking sector.

Author : Liliana Rojas-Suarez
Publisher : Unknown
Page : 120 pages
File Size : 43,7 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213095

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Financial Market Fragilities in Latin America by Liliana Rojas-Suarez Pdf

This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.