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Financial development in Latin America and the Caribbean : the road ahead / by a team led by Augusto de la Torre, Alain Ize, and Sergio L. Schmukler.
- Format:
- Book
- Author/Creator:
- Torre, Augusto de la.
- Language:
- English
- Subjects (All):
- Economic development--Latin America.
- Economic development.
- Latin America.
- Economic development--Caribbean Area.
- Caribbean Area.
- Physical Description:
- xvi, 256 pages : color illustrations ; 27 cm
- Place of Publication:
- Washington, D.C. : World Bank, 2012.
- Summary:
- For policy makers and financial analysts interested in improving the financial sector in the region, Torre and others from the World Bank assess the financial development of Latin America and the Caribbean and the main architectural issues, overall perspectives, and interconnections. They first discuss the concept and process of financial development, then describe the current state of development in the region in comparison to other regions and within its countries; aspects of financial globalization and inclusion; the severity, reasons, and policy implications for the banking and equity gaps; issues of long-term finance and the role of the state in risk bearing; prudential oversight; the potential benefits and challenges of macroprudential policy; microsystem regulation; and systemic supervision. No index is provided. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)
- Contents:
- Overview
- Financial development: bright side, patterns, paths, and dark side
- Domestic financial development: where does LAC stand?
- Financial globalization: where does LAC stand?
- Financial inclusion: where does LAC stand?
- The banking gap
- The equity gap
- Going long
- Risk bearing by the state: a collective action perspective
- Prudential oversight: where does LAC stand?
- Macroprudential policies over the cycle in LAC
- Microsystemic regulation
- Systemic supervision
- Summary of policy directions for the road ahead.
- Notes:
- Includes bibliographical references (pages 243-256).
- ISBN:
- 9780821388471
- 0821388479
- 9780821389362
- 082138936X
- OCLC:
- 731913330
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