Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC) - 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 Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC) write by Robert Rennhack. This book was released on 2009-07-21. Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC) available in PDF, EPUB and Kindle. The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region's financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.
Advancing Financial Development in Latin America and the Caribbean
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.
Managing the Regulatory Process
Managing the Regulatory Process - 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 Managing the Regulatory Process write by J. Luis Guasch. This book was released on 1999. Managing the Regulatory Process available in PDF, EPUB and Kindle. Over the last twenty years, while developed countries witnessed unparalleled rise in new regulations, developing countries complemented their privatization, with deregulation practices in various sectors, and devised regulatory frameworks, particularly for the utilities sectors. The study analyzes the impact of economic regulation on productivity, and, efficiency among the Latin American and Caribbean developing countries, assessing their gains from regulatory reforms. Basic choices for regulation engineering are examined, both successful contract practices, such as in Jamaica, or specific legislation in Chile, to disastrous regulation decrees in Argentina, and shows contract practices, to be the salient choice for most Latin American countries. The study reviews various practices, such as franchises and concessions, as modes of private sector participation and alternatives to regulation, analyzing the design of these arrangements for competitive marketability of their goods and services. Privatization restructuring and regulation concepts are examined, and a methodology spells out considerations for state-owned monopolies, prior to privatization. Finally, the challenge of regulation is revised, where lessons on regulatory design are examined, and an analysis on discretionary practices, re-negotiation and structural issues is presented, along with regulatory best practices.
Rethinking Infrastructure in Latin America and the Caribbean
Rethinking Infrastructure 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 Rethinking Infrastructure in Latin America and the Caribbean write by Marianne Fay. This book was released on 2017-08-02. Rethinking Infrastructure in Latin America and the Caribbean available in PDF, EPUB and Kindle. Latin America and the Caribbean (LAC) does not have the infrastructure it needs, or deserves, given its income. Many argue that the solution is to spend more; by contrast, this report has one main message: Latin America can dramatically narrow its infrastructure service gap by spending efficiently on the right things. This report asks three questions: what should LAC countries’ goals be? How can these goals be achieved as cost-effectively as possible? And who should pay to reach these goals? In doing so, we drop the ‘infrastructure gap’ notion, favoring an approach built on identifying the ‘service gap’. Benchmarking Latin America in this way reveals clear strengths and weaknesses. Access to water and electricity is good, with the potential for the region’s electricity sector to drive competitive advantage; by contrast, transport and sanitation should be key focus areas for further development. The report also identifies and analyses some of the emerging challenges for the region—climate change, increased demand and urbanization—that will put increasing pressure on infrastructure and policy makers alike. Improving the region’s infrastructure performance in the context of tight fiscal space will require spending better on well identified priorities. Unlike most infrastructure diagnostics, this report argues that much of what is needed lies outside the infrastructure sector †“ in the form of broader government issues—from competition policy, to budgeting rules that no longer solely focus on controlling cash expenditures. We also find that traditional recommendations continue to apply regarding independent, well-performing regulators and better corporate governance, and highlight the critical importance of cost recovery where feasible and desirable, as the basis for future commercial finance of infrastructure services. Latin America has the means and potential to do better; and it can do so by spending more efficiently on the right things.
The State of State Reforms in Latin America
The State of State Reforms 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 The State of State Reforms in Latin America write by Eduardo Lora. This book was released on 2006-10-23. The State of State Reforms in Latin America available in PDF, EPUB and Kindle. Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of institutional or 'second generation' reforms. 'The State of State Reform in Latin America' reviews and assesses the outcomes of these less studied institutional reforms. This book examines four major areas of institutional reform: a. political institutions and the state organization; b. fiscal institutions, such as budget, tax and decentralization institutions; c. public institutions in charge of sectoral economic policies (financial, industrial, and infrastructure); and d. social sector institutions (pensions, social protection, and education). In each of these areas, the authors summarize the reform objectives, describe and measure their scope, assess the main outcomes, and identify the obstacles for implementation, especially those of an institutional nature.
