Finance for development : Latin America's banks and capital markets after liberalization / Barbara Stallings, with Rogerio Studart.

Format:

Book

Author/Creator:

Stallings, Barbara.

Contributor:

Studart, Rogerio.

United Nations. Economic Commission for Latin America and the Caribbean.

Language:

English

Subjects (All):

Finance--Latin America.

Finance.

Latin America--Economic conditions.

Latin America.

Physical Description:

1 online resource (324 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Brookings Institution Press, c2006.

Language Note:

English

Summary:

A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication 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.

Contents:

""Contents""; ""Acknowledgments""; ""Finance for Development: Issues and Trends""; ""Financial Liberalization, Crisis, and the Aftermath""; ""Changes in Ownership: Public, Private, and Foreign Banks""; ""Toward Stability: Regulation, Supervision, and the Macroeconomic Context""; ""From Banks to Capital Markets: New Sources of Finance""; ""Chile: Mixed Ownership Provides a New Model""; ""Mexico: Foreign Banks Assume Control""; ""Brazil: Public Banks Continue to Play a Key Role""; ""A Policy Agenda for the Financial Sector""; ""References""; ""Index""

Notes:

"United Nations. Economic Commission for Latin America and the Caribbean."

Includes bibliographical references and index.

ISBN:

9780815797913

0815797915

OCLC:

66456698