Emerging Issues in Financial Development: Lessons from Latin America

Emerging Issues in Financial Development: Lessons from Latin America

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Product Details

ISBN-13: 9780821398289
Publisher: Bernan Distribution
Publication date: 11/18/2013
Series: Latin American Development Forum
Pages: 556
Product dimensions: 6.00(w) x 9.00(h) x 1.30(d)

Table of Contents

Contributing Authors ix

Acknowledgments xxi

Abbreviations xxiii

Overview Francisco Ceballos Tatiana Didier Sergio L. Schmukler 1

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

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

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

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

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

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

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

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

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

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

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

Index 535

Boxes

8.1 Analysis of the 2007 World Survey of Bank Regulation and Supervision 351

8.2 Explaining Country Differences in BCP Ratings: An Econometric Analysis 361

10.1 Pros and Cons of Silos versus Universal Banking Licenses 483

Figures

1.1 Market Size of Banks, Bonds, and Equities in Selected Regions and Economies, 1980-2009 32

1.2 Depth of Financial Systems and Income per Capita in Selected Countries and Regions, 1989-2007 35

1.3 Size of Different Financial Markets in Selected Countries and Regions, 1990-2009 37

1.4 Nature of the Credit by Banks in Selected Countries and Regions, 1980-2009 39

1.5 Dollarization of the Banking System in Selected Countries and Regions, 1991-2009 41

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