by: Augusto de la Torre, Alain Ize, Sergio L. Schmukler
During the 1980s and 1990s, financial sectors were the
Achilles’ heel of economic development in Latin America and the
Caribbean (LAC). Since then, these sectors have grown and deepened,
becoming more integrated and competitive, with new actors, markets, and
instruments springing up and financial inclusion broadening. To crown
these achievements, the region’s financial systems were left
largely unscathed by the global financial crisis of 2008–09. Now
that the successes of LAC’s macrofinancial stability are widely
recognized and tested, it is high time for an in-depth stocktaking of
what remains to be done.
Financial Development in Latin America and the Caribbean: The
Road Ahead provides both a stocktaking and a forward-looking
assessment of the region’s financial development. Rather than
going into detail about sector-specific issues, the report focuses on
the main architectural issues, overall perspectives, and
interconnections. The report’s value added thus hinges on its
holistic view of the development process, its broad coverage of the
financial services industry beyond banking, its emphasis on
benchmarking, its systemic perspective, and its explicit effort to
incorporate the lessons from the recent global financial crisis.
Financial Development in Latin America and the Caribbean: The Road
Ahead builds on and complements several overview studies on financial
development in both LAC countries and the developing world that were
published in the past decade. It will be of interest to policy makers
and financial analysts interested in improving the financial sector in
the LAC region.
- Shipping Weight: 1.84 lbs (0.83 kgs)
Customers who bought this title also purchased...