Structured Finance In Latin America

Author : Hela Cheikhrouhou
Publisher : World Bank Publications
Page : 184 pages
File Size : 51,8 Mb
Release : 2007
Category : Law
ISBN : 9780821371404

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Structured Finance in Latin America by Hela Cheikhrouhou Pdf

Structured Finance in Latin America explores how structured finance mechanisms can channel pension savings to support projects in underserved sectors, deepen capital markets, and contribute to investment and economic growth. Private pension funds have been accumulating assets rapidly in the wake of pension system reforms in many Latin American countries. Strict investment regulations to protect workers' savings have limited their investment in highly creditworthy domestic securities, yet pension fund demand for new securities has outstripped issuance of eligible traditional corporate debt instruments. This has contributed to a high concentration of pension fund assets in public debt. Innovative structured finance mechanisms can help bring to the market a new set of creditworthy securities backed by pools of loans to small borrowers, mortgage loans or the expected proceeds of large infrastructure projects. These mechanisms create new investment opportunities for pension funds, while establishing additional sources of funding for underserved market segments. Policy makers and regulatory authorities have a catalytic role to play in the development of structured finance securities by establishing a conducive legal, regulatory, and tax framework. Structured Finance in Latin America serves as a practical guide for development practitioners, policy makers, and others working in government, international or nongovernmental organizations, and financial institutions, who focus on finance and investment; infrastructure, transport, and urban development; housing finance; small and medium-sized enterprise development; and pension reform.

Author : Augusto de la Torre,Sergio Schmukler
Publisher : World Bank Publications
Page : 228 pages
File Size : 49,8 Mb
Release : 2006-10-20
Category : Business & Economics
ISBN : 0821365444

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Emerging Capital Markets and Globalization by Augusto de la Torre,Sergio Schmukler Pdf

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

Author : Mauro Miranda
Publisher : CFA Institute Research Foundation
Page : 92 pages
File Size : 45,6 Mb
Release : 2018-06-15
Category : Business & Economics
ISBN : 9781944960490

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Latin American Local Capital Markets: Challenges and Solutions by Mauro Miranda Pdf

Capital markets, both for debt and equity securities, have allowed firms to secure funding for productive uses while providing investors with opportunities for portfolio diversification. The importance of capital markets for the development of economies and for the betterment of society cannot be overstated. This is just as true in emerging economies with free markets, such as those found in Latin America, as it is in developed markets. However, capital markets in the region are not being utilized to the fullest. The idea behind this collection of articles is to offer a primer on the development of local capital markets in several select countries in Latin America. We discuss not only their history and current status but also their future. To this end, seven authors contributed to this project, each writing about one of seven countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. Each author decided which issues they believe matter most to the progress of their local capital markets. Some authors chose a qualitative and institutional description of local markets, whereas others adopted a more quantitative approach.

Author : Anonim
Publisher : Unknown
Page : 18 pages
File Size : 50,9 Mb
Release : 2003
Category : Bond market
ISBN : UTEXAS:059173003753790

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The ... Guide to Latin American Local Debt Markets by Anonim Pdf

Author : Barbara Stallings
Publisher : Rowman & Littlefield
Page : 326 pages
File Size : 47,7 Mb
Release : 2006-03-08
Category : Business & Economics
ISBN : 9780815797913

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Finance for Development by Barbara Stallings Pdf

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 : Henry A. Davis
Publisher : Unknown
Page : 210 pages
File Size : 46,6 Mb
Release : 2000
Category : Economic development projects
ISBN : UCSD:31822028493575

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Project Finance in Latin America by Henry A. Davis Pdf

Latin American specific companion volume to Project Finance: Practical Case Studies, this book comprises a series of case studies spread across the markets and sectors of the region and offers a detailed examination of developments in project finance in Latin America.

Author : Alfonso Valenzuela Aguilera
Publisher : Taylor & Francis
Page : 217 pages
File Size : 45,9 Mb
Release : 2022-07-13
Category : Business & Economics
ISBN : 9781000600575

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The Financialization of Latin American Real Estate Markets by Alfonso Valenzuela Aguilera Pdf

The Financialization of Latin American Real Estate Markets: New Frontiers introduces the fundamental principles of urban economics, housing, and large-scale real estate development in Latin America and equips aspiring investors and developers with the foundations for success in a unique, dynamic region. Using case studies from the Americas, this textbook provides a framework for assessing the economic, technological, social, and political forces that shape urban space, helping readers understand the aims and risks of real estate investment. Chapters on economic theory, novel financial instruments, and the regulatory environment connect real-world practice to the latest scholarly conversations in urban planning, real estate finance and development, and regional studies. Informed by the author’s extensive experience as an academic and practitioner throughout the region, this distinctive resource sheds light on the relationship between financial capital and urban form, and places Latin American cities at the center of the urban economy debate. Features: Provides a thorough introduction to the mechanics of real estate markets, grounding spatial and economic theories with practical examples of the tools used to finance urban development in Latin America Centers around case studies from Mexico, Brazil, Chile, Panama, Argentina, and Colombia—some of the region’s most dynamic markets Presents financial instruments such as mortgage-backed securities, collateralized debt obligations, credit default swaps, and real estate investment trusts in a global context Examines State policies and programs for housing and infrastructure in Latin America, demonstrating regional patterns and new perspectives Covers real estate finance from housing to megaprojects, exploring recent trends in infrastructure, commercial centers, and tourism with an eye toward sustainable financing practices for the future Suitable for graduate and upper-level undergraduate students of real estate, urban planning, and Latin American studies, The Financialization of Latin American Real Estate Markets: New Frontiers also serves as essential reading for professionals in international real estate finance and development.

Author : Mr.Charles Enoch,Wouter Bossu,Carlos Caceres,Ms.Diva Singh
Publisher : International Monetary Fund
Page : 226 pages
File Size : 53,5 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 : Miguel Urrutia
Publisher : United Nations University Press
Page : 304 pages
File Size : 47,7 Mb
Release : 1988
Category : Capital market
ISBN : UOM:39015019543407

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Financial Liberalization and the Internal Structure of Capital Markets in Asia and Latin America by Miguel Urrutia Pdf

Author : Antonín Basch,Milic Kybal,Luis Sánchez-Masi,Inter-American Development Bank
Publisher : New York : Published for the Inter-American Development Bank [by] Praeger
Page : 192 pages
File Size : 49,7 Mb
Release : 1970
Category : Capital
ISBN : STANFORD:36105035148563

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Capital Markets in Latin America by Antonín Basch,Milic Kybal,Luis Sánchez-Masi,Inter-American Development Bank Pdf

Comparison of the process of savings and investment in Latin American countries - examines the various types of financial aspects institutions (incl. Banks, stock exchanges, etc.) operating in the capital market, private sector financing and public finance, indicates some conditons that favour a more effective functioning of the capital markets in latin america, and includes 6 country reports (Argentina, Brazil, Colombia, Mexico, Peru and Venezuela). Bibliography pp. 159 to 163 and statistical tables.

Author : Anonim
Publisher : Unknown
Page : 391 pages
File Size : 43,7 Mb
Release : 2006
Category : Electronic
ISBN : 1905773005

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Global Securitisation and Structured Finance by Anonim Pdf

After introductory chapters, the country chapters in this guide deal with securitisation in North and Latin America, Asia Pacific, Europe, Middle East and Africa.

Author : Kim B. Staking
Publisher : Idb
Page : 200 pages
File Size : 41,8 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105123912268

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Policy-based Finance and Market Alternatives by Kim B. Staking Pdf

Author : Sergio L. Schumukler
Publisher : World Bank Publications
Page : 82 pages
File Size : 41,6 Mb
Release : 2024-05-22
Category : Electronic
ISBN : 8210379456XXX

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Innovative Experiences in Access to Finance: market Friendly Roles for the Visible Hand? by Sergio L. Schumukler Pdf

Author : Christopher L. Culp
Publisher : John Wiley & Sons
Page : 680 pages
File Size : 40,5 Mb
Release : 2011-09-13
Category : Business & Economics
ISBN : 9781118160992

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Structured Finance and Insurance by Christopher L. Culp Pdf

Praise for Structured Finance & Insurance "More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART." --Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University "A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service." --Norbert Johanning, Managing Director, DaimlerChrysler Financial Services "Culp's latest book provides a comprehensive account of the most important financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and products into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance." --Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication) "This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An excellent introduction to the very complex field of alternative risk transfer (ART)." --Paul Wohrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services "Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market products, and provides the architectural blueprints for enterprise risk innovation." --Paul Wagner, Director, Risk Management, AGL Resources Inc.

Author : B Rajesh Kumar
Publisher : Springer Nature
Page : 321 pages
File Size : 50,7 Mb
Release : 2022-05-03
Category : Business & Economics
ISBN : 9783030967253

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Project Finance by B Rajesh Kumar Pdf

Large projects are defining moments for companies and countries. When large projects succeed, they can dramatically improve the social and economic conditions in a region. This book focuses on major aspects of the world’s largest infrastructural, industrial and public service projects through the lens of structuring, valuing, managing risk and financing projects. The book analyses and discuss large projects in government, private and public and private partnership. The author sheds light into the attributes of project finance which have unique structural elements. The book focuses on case studies related to 50 mega projects which includes infrastructural projects, energy related projects, industrial projects, roads, ports and bridges among others. This book covers both the theoretical aspects of financing of mega projects and the practical applications by including case studies of the world’s largest projects in terms of value.