Reform of Latin American Banking Systems

This book discusses current issues affecting the development of banking activities in the Latin American region, together with various perspectives on possible reform.

Author: Ernesto Aguirre

Publisher: Springer

ISBN: UCSD:31822028216430

Category: Business & Economics

Page: 341

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This book discusses current issues affecting the development of banking activities in the Latin American region, together with various perspectives on possible reform. It presents a comparative study of several Latin American banking systems and their supervisory bodies, and examines the institutional structures put in place following the reforms of the last decade. There is further discussion about the relationship that should exist between regulations and discretionary power when banks face difficulties. These various subjects are explored through national case studies including Brazil, Ecuador, Venezuela, Colombia, Peru, Mexico, Bolivia, Guatemala, Argentina, Costa Rica, and - by way of comparison - the United States and Canada. In addition, the book covers general discussion of the wider international context. There is comparative study of the structure of supervisory bodies in developed countries and the implications for developing countries, and of how recent international trends in banking supervision have been reflected in the experiences of Latin American countries. The authors examine the recent crises experienced by South East Asian financial systems and the ways in which they could impact Latin America. The book also investigates the integration of banking markets at an international level and the harmonisation of different regulatory frameworks. A study of the European Union experience provides a background for the discussion of harmonisation in the MERCOSUR countries.
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The Political Challenges of Advancing Economic Reforms in Latin America

Presents "The Political Challenges of Advancing Economic Reforms in Latin America," a report by the Carnegie Economic Reform Network (CERN) of the Carnegie Endowment for International Peace (CEIP).

Author: Daniel Morrow

Publisher:

ISBN: IND:30000062318625

Category: Educational change

Page: 27

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Presents "The Political Challenges of Advancing Economic Reforms in Latin America," a report by the Carnegie Economic Reform Network (CERN) of the Carnegie Endowment for International Peace (CEIP). Discusses strengthening the banking system and advancing educational reform in Latin America. Links to other related Web sites. Posts contact information via mailing address, telephone and fax numbers, and e-mail for CEIP in Washington, D.C.
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Tax Systems and Tax Reforms in Latin America

This book provides a comprehensive analysis of tax systems and tax reforms in a number of Latin American countries since the early 1990’s, including Argentina and Brazil, Costa Rica and Mexico, Paraguay, Colombia, Chile and Uruguay.

Author: Luigi Bernardi

Publisher: Routledge

ISBN: 9781134068081

Category: Business & Economics

Page: 336

View: 966

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This book provides a comprehensive analysis of tax systems and tax reforms in a number of Latin American countries since the early 1990’s, including Argentina and Brazil, Costa Rica and Mexico, Paraguay, Colombia, Chile and Uruguay. The authors present and discuss tax systems from a broad quantitative and historical perspective and describe the main taxes existing in each country, presenting the details of their institutional features. The existing interactions between the economic structure, the corporate tax system and the attraction of FDI inflows are of paramount importance and these issues are deeply analyzed in the book. A characteristic trait of the area is the proliferation of tax havens, particularly located in the Caribbean and in some other small islands, and the book provides an analysis of these havens and the counteractions adopted by the OECD countries. Finally, the book investigates the political economy of Latin America’s taxation, exploring why many of these countries have experienced a democratic transition but poor economic performances.
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Reforma Y Reestructuracion De Los Sistemas Pensiones

This book extracts the main lessons and experiences of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), describing trends in payments and securities settlement systems worldwide and assessing Latin ...

Author:

Publisher: World Bank Publications

ISBN: 9780821366370

Category: Business & Economics

Page: 277

View: 408

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This book extracts the main lessons and experiences of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), describing trends in payments and securities settlement systems worldwide and assessing Latin American and Caribbean systems in relation to international standards and best practices.--[book cover].
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Dismantling the Populist State

"Well-written paper discusses institutional reforms needed for dismantling the populist State.

Author: Shahid Javed Burki

Publisher: World Bank Publications

ISBN: 0821336894

Category: Political Science

Page: 38

View: 343

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"Well-written paper discusses institutional reforms needed for dismantling the populist State. Contends that such reforms, no matter how painful, must be made immediately to consolidate gains from earlier reforms"--Handbook of Latin American Studies, v. 57.
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Financial Sector Reforms Economic Growth and Stability

"Compares financial sector reforms and their impact on economic growth and stability in selected countries of Latin America and Asia.

Author: Shakil Faruqi

Publisher: World Bank Publications

ISBN: 0821330136

Category: Business & Economics

Page: 274

View: 182

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"Compares financial sector reforms and their impact on economic growth and stability in selected countries of Latin America and Asia. Articles range from the quite specific (e.g., securities regulation in Thailand), to more general"--Handbook of Latin American Studies, v. 57.
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If Texas Were Chile

"The central message of this book is that government shielding of banks from the hazards and influence of a free market fosters unsound, crisis-prone banking systems.

Author: Philip Lawton Brock

Publisher: Sequoia Inst

ISBN: UCSD:31822015560303

Category: Business & Economics

Page: 483

View: 375

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"The central message of this book is that government shielding of banks from the hazards and influence of a free market fosters unsound, crisis-prone banking systems. Almost anywhere in the world, insolvent and mismanaged banks are allowed to go out of business only at the discretion of government supervisors. Banks are often maintained in business for so long that their afflictions spread throughout a regional or national economy: a situation that has yielded catastrophe for entire financial systems. Historically, efforts to mandate government monitoring of financial institutions and state-directed closing of insolvent banks do not adequately take account of bureaucratic inertia and the failure -- for whatever reason -- of supervisors to enforce such guidelines. This book explores the means by which bank closures that should occur will occur -- at the earliest possible date, and with the least possible damage. Chile's 1986 banking law, and how it came about, anchors this volume - ensuring that its discussion of ideas for banking reform would also provide details and direction for their translation into workable law. This law makes banking operations transparent to the public and permits bank monitors a minimum of discretion in either the recapitalization or the closing of failing firms -- thus increasing the regulatory atmosphere's resemblance to a free market. Chile's banking legislation has had a profound effect on the Chilean financial community and has influenced financial reforms in Mexico and elsewhere in Latin America. This volume provides the first English-language publication of the legislation, and, accompanied by the analysis and discussion of its text by distinguished practitioners, the Chilean experience may now benefit future reforms in many other countries, not least those throughout Asia at the end of the 1990s."--
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Financial Fragilities in Latin America

In late 1994, several Latin American economies, particularly Mexico and Argentina, experienced sharp reversals of international capital inflows that had characterized the previous four years.

Author: Liliana Rojas-Suárez

Publisher: International Monetary Fund

ISBN: UCSD:31822021343793

Category: Business & Economics

Page: 69

View: 251

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In late 1994, several Latin American economies, particularly Mexico and Argentina, experienced sharp reversals of international capital inflows that had characterized the previous four years. The immediate cause of the reversals was the loss of international investor confidence in these countries' ability to defend their exchange rate and in the authorities' ability to service their external debt on a timely basis. Short-term interest rates rose to extraordinarily high levels. Because many borrowers could not afford to service their debts at these high interest rates, the credit quality of domestic banks' loan portfolios deteriorated dramatically, creating concerns about the solvency of the banking systems in these economies. The current crisis has occurred during a period of economic and financial reform in Latin America. After almost a decade of macroeconomic and financial difficulties, since the last part of the 1980s and the beginning of the 1990s, many Latin American countries have undertaken major transformations of their economic structures. These efforts have included not only comprehensive stabilization programs aimed at correcting macroeconomic imbalances but also deep structural reforms designed to improve the efficiency of market mechanisms in pricing and allocating resources among the different sectors of these economies. In addition, the paper analyzes policy issues associated with the long-run health of the financial system: (1) the proper design of policies to respond to large and volatile flows of capital having the complementary objectives of maintaining long-run macroeconomic stability and a healthy financial system; and (2) the effect on bank soundness of increased competition from recent developments in domestic capital markets.
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Preventing Banking Sector Distress and Crises in Latin America

World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe.

Author: Suman K. Bery

Publisher: World Bank Publications

ISBN: 0821338935

Category: Business & Economics

Page: 102

View: 916

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World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe. Although the countries of the region inherited broadly accessible education systems, the legacies of central planning have constrained the systems from fully adjusting to market economies. This study examines empirical trends in access to and financing of education in nine Central and East European countries by drawing on the findings of a World Bank project that examined the social risks facing people and the policy responses taken by governments since 1989. Chapters address access and participation, the labor market, financing, and staff in the education sector.
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Finance for Development

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.

Author: Barbara Stallings

Publisher: Brookings Institution Press

ISBN: 0815797915

Category: Business & Economics

Page: 316

View: 220

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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.
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After the Washington Consensus Restarting Growth and Reform in Latin America

Unfortunately , on both these counts but especially on the second one , Latin American banking systems have failed dismally , with few exceptions . The basic reason for this failure has been the behavior of governments , which ...

Author:

Publisher: Peterson Institute

ISBN: 0881325929

Category: Business & Economics

Page:

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This volume is a successor of sorts to the Institute's 1986 volume ""Toward Renewed Economic Growth In Latin America"". It presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing.
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Pension Reform in Latin America and Its Lessons for International Policymakers

Pension Reform in Latin America and Its Lessons for International Policymakers analyzes in detail these important questions. The book begins with a detailed account of economic conditions in Latin America.

Author: Tapen Sinha

Publisher: Springer Science & Business Media

ISBN: 9781461545033

Category: Political Science

Page: 306

View: 689

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The experience of privatization of social security has been predominantly in the Latin American region. Eight countries have undertaken either full or partial privatization of pensions: Argentina, Bolivia, Chile, Colombia, El Salvador, Mexico, Peru, and Uruguay. What did the policymakers expect? Were expectations realized? Can we learn anything from the collective experience of these countries? Can they be applied to other countries that are aspiring to privatize? How did the World Bank and other international institutions affect these policies? Pension Reform in Latin America and Its Lessons for International Policymakers analyzes in detail these important questions. The book begins with a detailed account of economic conditions in Latin America. It then discusses various models that policymakers rely on. Starting with a purely demographic model, it lays out advanced models of overlapping generations of Samuelson. The book gives extensive details of privatized pensions in each of the eight reforming countries. Two chapters are devoted to analyzing the reform in each country. Finally, detailed lessons are drawn that will help shape the debate for policymakers in other countries.
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Financial Reforms in Latin America

banking system reserve requirements, the extent of targeted credit programs, privatization or liquidation of public banks, central bank independence, capital markets and bank regulation, and the quality of commercial bank supervision.

Author: Glenn D. Westley

Publisher:

ISBN: IND:30000055641538

Category: Latin America

Page: 63

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Annual World Bank Conference on Development in Latin America and the Caribbean 1998

Collects the papers which were presented at the Annual World Bank Conference on Development in Latin Aerica and the Caribbean that the topics were about financial system and economic development.

Author: Shahid Javed Burki

Publisher:

ISBN: 0821345206

Category: Business & Economics

Page: 262

View: 541

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Collects the papers which were presented at the Annual World Bank Conference on Development in Latin Aerica and the Caribbean that the topics were about financial system and economic development.
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Financial Sector Reforms in Asian and Latin American Countries

The seminar involved ministers, central bank governors and senior officials from several Latin American and Asian economies as well as several representatives of international organizations.

Author: Gerard Caprio

Publisher: Washington, D.C. : World Bank

ISBN: UCSD:31822019104884

Category: Business & Economics

Page: 268

View: 202

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This report summarizes the papers and associated discussion presented at the Senior Policy Seminar held in Santiago, Chile between 25th and 28th of May, 1992. The seminar involved ministers, central bank governors and senior officials from several Latin American and Asian economies as well as several representatives of international organizations. The central purpose of the seminar was to comparatively assess the wide range of country experiences with financial reform in the two regions, with a view to distilling general lessons. The materials presented were oriented mainly around the diverse experiences of financial policy formulation and implementation during the 1980s and early 1990s. These materials supported discussion of a variety of subthemes, including the management of financial crises, the interaction of financial liberalization with more general economic reforms, the industrial policy aspects of financial reform, and the roles of governments in stimulating the development of specific types of financial markets and institutions. The presentation during the four days included country papers as well as a variety of more general and synoptic papers included in this publication.
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Financial System Structure in Colombia

The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks.

Author: Javier de la Cruz

Publisher: World Bank Publications

ISBN:

Category: Bank Policy

Page: 45

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The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted.
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Banking on Health

This book addresses the puzzle of why the World Bank was unable to effect sweeping neoliberal health reforms in Latin America from the 1980s onward.

Author: Shiri Noy

Publisher: Springer

ISBN: 9783319617657

Category: Social Science

Page: 241

View: 926

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This book addresses the puzzle of why the World Bank was unable to effect sweeping neoliberal health reforms in Latin America from the 1980s onward. Through the use of quantitative regional data together with interview and archival data collected during fieldwork in Argentina, Costa Rica, Peru, and Washington DC, this book argues that the answer to this puzzle is twofold. First, the World Bank has not promoted a uniformly neoliberal, monolithic agenda in health. Second, countries’ autonomy and capacity in this sector shape how the World Bank is involved in reforms. Finally, the book distinguishes neoliberal ends from means in health sector reform and traces changes in “banking on health” over time.
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Volatile Capital Flows

Author: Ricardo Hausmann

Publisher: IDB

ISBN: 9781886938045

Category: Amérique latine - Politique économique - Congrès

Page: 107

View: 110

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