Financial Market Fragilities in Latin America
AbstractThis paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 94/117.
Date of creation: 01 Oct 1994
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