Advancing Financial Development in Latin America and the Caribbean - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Advancing Financial Development in Latin America and the Caribbean write by Dyna Heng. This book was released on 2016-04-12. Advancing Financial Development in Latin America and the Caribbean available in PDF, EPUB and Kindle. This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the region compares favorably with other emerging market regions on this dimension. The region, however, continues to lag behind peers on broader financial development, especially with respect to markets, though there is substantial heterogeneity across countries. Financial systems in many LAC countries are also underdeveloped relative to their macroeconomic fundamentals. Further financial development could convey net benefits to the region, provided there is adequate regulatory oversight to prevent excesses.
Financial Development in Latin America and the Caribbean
Financial Development in Latin America and the Caribbean - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Development in Latin America and the Caribbean write by Augusto de la Torre. This book was released on 2011-11-30. Financial Development in Latin America and the Caribbean available in PDF, EPUB and Kindle. 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.
Remittances and Development
Remittances and Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittances and Development write by Pablo Fajnzylber. This book was released on 2008-02-08. Remittances and Development available in PDF, EPUB and Kindle. Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.
Financial Development in Latin America
Financial Development in Latin America - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Development in Latin America write by Augusto de la Torre. This book was released on 2006. Financial Development in Latin America available in PDF, EPUB and Kindle. "This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America. This paradigm was shaped over the past decades by a fundamental shift in thinking toward market-based financial development and a complex process of financial crises interpretation. The result has been a richly textured policy paradigm focused on promoting financial stability and the convergence to international standards. It argues, however, that there is a growing dissonance between the current paradigm and the emerging issues, which is illustrated by discussing challenges in three areas: stock markets, small and medium enterprise loans, and defined-contribution pension funds. The paper concludes that the dominant policy paradigm is ill-suited to provide significant guidance in relation to the big emerging issues. It emphasizes the need to take a fresh look at the evidence, improve the diagnoses, revisit expectations, and revise the paradigm. "--World Bank web site.
Remittances and Financial Development in Latin America and the Caribbean Countries
Remittances and Financial Development in Latin America and the Caribbean Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittances and Financial Development in Latin America and the Caribbean Countries write by Vincent Fromentin. This book was released on 2018. Remittances and Financial Development in Latin America and the Caribbean Countries available in PDF, EPUB and Kindle. Despite the importance of remittances in total international flows, the conclusion of the studies on the relationship between remittances and financial development, is still not completely unanimous, particularly in Latin America and the Caribbean. However, financial development matters for growth and poverty alleviation and financial inclusion have many beneficial effects for households. We examine the relationship between remittances and financial sector development with several dynamic panel data methods. We find a positive, significant, and robust bidirectional link between remittances and financial development for the panel of 32 countries.
