Emerging issues in financial development : lessons from Latin America / Tatiana Didier and Sergio L. Schmukler, editors.

Format:

Book

Contributor:

Didier, Tatiana.

Schmukler, Sergio L.

World Bank.

Language:

English

Subjects (All):

Finance--Latin America.

Finance.

Financial institutions.

Latin America.

Financial institutions--Latin America.

Monetary policy--Latin America.

Monetary policy.

Physical Description:

xxiv, 556 pages : illustrations ; 23 cm

Place of Publication:

Washington, D.C. : The World Bank, 2013.

Summary:

Emerging Issues in Financial Development compares the financial sector stance in Latin America with that in other developing and developed countries in order to shed light on the key obstacles for financial development. The book focuses on the main architectural issues, overall perspectives, and interconnections. Its value thus hinges on its holistic view of the development process, its broad coverage of the financial services industry (not just banking), its emphasis on comparisons and benchmarking, its systemic perspective, and its effort to incorporate lessons from financial crises. The book presents a stock-taking exercise to ascertain where financial systems around the world lie by analyzing in detail the state of banks, capital markets, financial inclusion, and financial globalization. The book also revisits the role of public guarantees, institutional investors, macro-prudential policy, micro-systemic regulation, and systemic supervision. The chapters in this book are written by experts in the field and yield many lessons. They raise a number of important issues, constituting an invaluable read for academics, financial sector practitioners, policy makers, and students in both developed and developing countries. Book jacket.

Contents:

1 Financial Development in Latin America and the Caribbean: Stylized Facts and the Road Ahead / Tatiana Didier Didier, Tatiana, Sergio L. Schmukler Schmukler, Sergio L. 25

2 Financial Inclusion in Latin America and the Caribbean / María Soledad Martínez Pería Pería, María Soledad Martínez 91

3 Benchmarking LAC's Financial Development: The Banking and Equity Gaps / Augusto de la Torre Torre, Augusto de la, Erik Feyen Feyen, Erik, Alain Ize Ize, Alain 129

4 Financial Globalization: Some Basic Indicators for Latin America and the Caribbean / Tatiana Didier Didier, Tatiana, Sergio L. Schmukler Schmukler, Sergio L. 175

5 Financial Globalization in Latin America and the Caribbean: Myth, Reality, and Policy Matters / Eduardo Leuy-Yeyati Leuy-Yeyati, Eduardo, Tomás Williams Williams, Tomás 205

6 Institutional Investors and Agency Issues in Latin American Financial Markets: Issues and Policy Options / Claudio Raddatz Raddatz, Claudio 265

7 Revisiting the Case for Public Guarantees: A Frictions-Based Approach / Deniz Anginer Anginer, Deniz, Augusto de la Torre Torre, Augusto de la, Alain Ize Ize, Alain 317

8 Recent Trends in Banking Supervision in Latin America and the Caribbean / Socorro Heysen Heysen, Socorro, Martín Anqui Anqui, Martín 349

9 Macroprudential Policies over the Cycle in Latin America / Cesar Calderón Calderón, Cesar, Luis Servén Servén, Luis 395

10 Microsystemic Regulation: A Perspective on Latin America and the Caribbean / Mariano Cortés Cortés, Mariano, Miquel Dijkman Dijkman, Miquel, Eva Gutierrez Gutierrez, Eva 469

11 Systemic Supervision / Steven A. Seelig Seelig, Steven A., Katia D'Hulster D'Hulster, Katia 501.

Notes:

Includes bibliographical references and index.

ISBN:

9780821398289

0821398288

OCLC:

822895901