IDEAS home Printed from https://ideas.repec.org/b/idb/idbbks/316.html

Policy-Based Finance and Market Alternatives: East Asian Lessons for Latin America and the Caribbean

Author

Listed:
  • Iglesias, Augusto
  • Vittas, Dimitri
  • Stone, Bernel
  • Cho, Yoon Je
  • Staking, Kim B.
  • Shibata, Tsutomu
  • Kruse, Douglas
  • Vives, Antonio
  • Allen, Franklin
  • Montenegro, Armando
  • Santomero, Anthony

Abstract

This book contains a selection of the major presentations from the conference: "Policy-Based Finance and Alternatives for Financial Market Development" held in Rio de Janeiro, Brazil in early 1996. It explores the generally successful East Asian experiences with policy-based finance and contrasts these with the less successful, directed credit programs undertaken by Latin American and Caribbean governments in their attempts to support specific sectors of their respective economies. This volume extracts universal lessons that are applicable to emerging markets and applies them to the market approach underway in most of the countries in Latin America and the Caribbean.

Suggested Citation

  • Iglesias, Augusto & Vittas, Dimitri & Stone, Bernel & Cho, Yoon Je & Staking, Kim B. & Shibata, Tsutomu & Kruse, Douglas & Vives, Antonio & Allen, Franklin & Montenegro, Armando & Santomero, Anthony, 1997. "Policy-Based Finance and Market Alternatives: East Asian Lessons for Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 316, November.
    • Handle: RePEc:idb:idbbks:316
    as

    Download full text from publisher

    File URL: https://publications.iadb.org/publications/english/document/Policy-Based-Finance-and-Market-Alternatives-East-Asian-Lessons-for-Latin-America-and-the-Caribbean.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stiglitz, Joseph E & Uy, Marilou, 1996. "Financial Markets, Public Policy, and the East Asian Miracle," The World Bank Research Observer, World Bank, vol. 11(2), pages 249-276, August.
    2. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    3. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    4. Vittas, Dimitri & Cho, Yoon Je, 1996. "Credit Policies: Lessons from Japan and Korea," The World Bank Research Observer, World Bank, vol. 11(2), pages 277-298, August.
    5. Santomero, Anthony M., 1989. "The changing structure of financial institutions: a review essay," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 321-328, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Augusto Iglesias & Dimitri Vittas & Bernel Stone & Yoon Je Cho & Kim B. Staking & Tsutomu Shibata & Douglas Kruse & Antonio Vives & Franklin Allen & Armando Montenegro & Anthony Santomero, 1997. "Policy-Based Finance and Market Alternatives: East Asian Lessons for Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 44198 edited by Kim B. Staking, February.
    2. Antonio Vives & Kim B. Staking, 1997. "Financial Intermediation and Policy-Based Lending: Policy Recommendations for Latin America and the Caribbean," IDB Publications (Working Papers) 45338, Inter-American Development Bank.
    3. repec:idb:brikps:316 is not listed on IDEAS
    4. Vives, Antonio & Staking, Kim B., 1997. "Financial Intermediation and Policy-Based Lending: Policy Recommendations for Latin America and the Caribbean," IDB Publications (Working Papers) 6220, Inter-American Development Bank.
    5. Thorsten Beck & Samuel Munzele Maimbo, 2013. "Financial Sector Development in Africa : Opportunities and Challenges," World Bank Publications - Books, The World Bank Group, number 11881, April.
    6. Janvier D. Nkurunziza, 2005. "Reputation and Credit without Collateral in Africa`s Formal Banking," Economics Series Working Papers WPS/2005-02, University of Oxford, Department of Economics.
    7. Simon Cornée, 2014. "Soft Information and Default Prediction in Cooperative and Social Banks," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 3(1), pages 89-103, June.
    8. Demirguc-Kunt, Asli, 1992. "Developing country capital structures and emerging stock markets," Policy Research Working Paper Series 933, The World Bank.
    9. Guo, Shu & Zhang, ZhongXiang, 2023. "Green credit policy and total factor productivity: Evidence from Chinese listed companies," Energy Economics, Elsevier, vol. 128(C).
    10. Kirschenmann, K., 2010. "The Dynamics in Requested and Granted Loan Terms when Bank and Borrower Interact Repeatedly," Other publications TiSEM 40d5005c-1626-4511-aa8a-f, Tilburg University, School of Economics and Management.
    11. Lin, Tse-Chun & Liu, Jinyu & Ni, Xiaoran, 2022. "Foreign bank entry deregulation and stock market stability: Evidence from staggered regulatory changes," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 185-207.
    12. Suarez, Javier & Sánchez Serrano, Antonio, 2018. "Approaching non-performing loans from a macroprudential angle," Report of the Advisory Scientific Committee 7, European Systemic Risk Board.
    13. Kiff, J. & Michaud, F L. & Mitchell, J., 2003. "An analytical review of credit risk tranfer instruments," Financial Stability Review, Banque de France, issue 2, pages 106-131, June.
    14. Vincent Bouvatier, 2004. "Crise de change et politique monétaire optimale dans un modèle de troisième génération : le rôle de la prime de risque," Cahiers de la Maison des Sciences Economiques bla04089, Université Panthéon-Sorbonne (Paris 1).
    15. Michael Gavin & Ricardo Hausmann, 1996. "Las raíces de las crisis bancarias: contexto macroeconómico," Research Department Publications 4027, Inter-American Development Bank, Research Department.
    16. Cresenta Fernando & Atreya Chakraborty & Rajiv Mallick, 2002. "The Importance of Being Known: Relationship Banking and Credit Limits," Finance 0209007, University Library of Munich, Germany.
    17. BABATOUNDE, Latoundji Alain, 2010. "Efficiency of financial micro intermediation in the WAEMU countries: A stochastic frontier production analysis," MPRA Paper 33446, University Library of Munich, Germany, revised Aug 2011.
    18. Yoonhee Tina Chang, 2004. "Relationship Banking in Bilateral Oligopoly and Asymmetric Information," Econometric Society 2004 Far Eastern Meetings 734, Econometric Society.
    19. Liu, Benjamin & Skully, Michael, 2005. "The determinants of mortgage yield spread differentials: Securitization," Journal of Multinational Financial Management, Elsevier, vol. 15(4-5), pages 314-333, October.
    20. Fabio Panetta & Fabiano Schivardi & Matthew Shum, 2009. "Do Mergers Improve Information? Evidence from the Loan Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 673-709, June.
    21. Wu, Ji & Guo, Mengmeng & Chen, Minghua & Jeon, Bang Nam, 2019. "Market power and risk-taking of banks: Some semiparametric evidence from emerging economies," Emerging Markets Review, Elsevier, vol. 41(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idb:idbbks:316. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Felipe Herrera Library (email available below). General contact details of provider: https://edirc.repec.org/data/iadbbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.