Financial Stability Reports In Latin America And The Caribbean
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Financial Stability Reports In Latin America And The Caribbean
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Author : Cheng Hoon Lim
language : en
Publisher: International Monetary Fund
Release Date : 2017-03-28
Financial Stability Reports In Latin America And The Caribbean written by Cheng Hoon Lim and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-28 with Business & Economics categories.
Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forward-looking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable publication schedule and an easily accessible website, is also important to enhance the impact of the reports. Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.
Accounting For Growth In Latin America And The Caribbean
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Author : Henri Fortin
language : en
Publisher: World Bank Publications
Release Date : 2009-11-18
Accounting For Growth In Latin America And The Caribbean written by Henri Fortin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-18 with Business & Economics categories.
The importance of moving toward high-quality, global standards of accounting and auditing has never been clearer. In the midst of the global financial and economic crisis, the leaders of the Group of 20 met and issued their Declaration on Strengthening the Financial System , placing significant emphasis on sound accounting and auditing standards as a critical piece of the international financial architecture. Transparent and reliable corporate financial reporting underpins much of the Latin America and Caribbean development agenda, from private-sector-led growth to enhanced financial stability, facilitating access to finance for small and medium enterprises, and furthering economic integration. For nearly 10 years, the World Bank has prepared diagnostic Reports on the Observance of Standards and Codes (ROSCs) on Accounting and Auditing (A and A) at the country level. In Latin America and the Caribbean, ROSC A and A reports have been completed for 17 countries. This book takes a step back and seeks to distill lessons from a regional perspective. 'Accounting for Growth in Latin America and the Caribbean' is the first book to examine financial reporting and auditing in the region in a systematic way, drawing on the World Bank s years of experience and analysis in this area. The book is designed to inform the policy dialogue on accounting and auditing issues among government officials, the accounting profession, the private sector, academia, and civil society in LAC countries. It also seeks to disseminate the lessons learned to key players at the international and regional level, including the donor community, in order to generate momentum for reform of accounting and auditing throughout the region.
Financial Development In Latin America And The Caribbean
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Author : Augusto de la Torre
language : en
Publisher: World Bank Publications
Release Date : 2011-11-30
Financial Development In Latin America And The Caribbean written by Augusto de la Torre and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-30 with Business & Economics categories.
The financial systems of Latin America and the Caribbean (LAC) have been widely resilient to the global financial crisis, which reflects strong progress in both macroeconomic management and prudential oversight. However, the current juncture provides a unique tapestry upon which this book examines several key questions and challenges looking forward. Does LAC continue to underperform on some key financial development indicators and, if so, why? How can LAC's financial systems contribute more effectively to the region's welfare and growth? How can LAC secure the benefits of deepening financial development while avoiding the fault lines that recently burst to the surface in other parts of the world?
Monetary And Financial Stability Implications Of Capital Flows In Latin America And The Caribbean
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Author : Alejandro Jara
language : en
Publisher:
Release Date : 2008
Monetary And Financial Stability Implications Of Capital Flows In Latin America And The Caribbean written by Alejandro Jara and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Capital movements categories.
Evolving Banking Systems In Latin America And The Caribbean
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Author :
language : en
Publisher:
Release Date : 2007
Evolving Banking Systems In Latin America And The Caribbean written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Advancing Financial Development In Latin America And The Caribbean
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Author : Dyna Heng
language : en
Publisher: International Monetary Fund
Release Date : 2016-04-07
Advancing Financial Development In Latin America And The Caribbean written by Dyna Heng and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-07 with Business & Economics categories.
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.
Fintech In Latin America And The Caribbean Stocktaking
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Author : Pelin Berkmen
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-26
Fintech In Latin America And The Caribbean Stocktaking written by Pelin Berkmen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-26 with Business & Economics categories.
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially understood risks to consumers and the financial system. This paper documents the evolution of fintech in LAC. In particular, the paper focuses on financial development, fintech landscape for domestic and cross border payments and alternative financing, cybersecurity, financial integrity and stability risks, regulatory responses, and considerations for central bank digital currencies.
Financial Development In Latin America
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Author : Augusto de la Torre
language : en
Publisher: World Bank Publications
Release Date : 2006
Financial Development In Latin America written by Augusto de la Torre and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Crisis financiera - America Latina categories.
"This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America. This paradigm was shaped over the past decades by a fundamental shift in thinking toward market-based financial development and a complex process of financial crises interpretation. The result has been a richly textured policy paradigm focused on promoting financial stability and the convergence to international standards. It argues, however, that there is a growing dissonance between the current paradigm and the emerging issues, which is illustrated by discussing challenges in three areas: stock markets, small and medium enterprise loans, and defined-contribution pension funds. The paper concludes that the dominant policy paradigm is ill-suited to provide significant guidance in relation to the big emerging issues. It emphasizes the need to take a fresh look at the evidence, improve the diagnoses, revisit expectations, and revise the paradigm. "--World Bank web site.
Monetary And Financial Stability Implications Of Capital Flows In Latin America And The Caribbean
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Author : Bank for International Settlements
language : en
Publisher:
Release Date : 2008
Monetary And Financial Stability Implications Of Capital Flows In Latin America And The Caribbean written by Bank for International Settlements and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Central Bank participants at the BIS 2008 Open Economies Meeting in Punta del Este, Uruguay, discussed trends in capital flows since 2003 and their monetary and financial stability implications. Capital flows appear to be more benign today than in the past, partly because of a greater share of foreign direct investment and reduced reliance on foreign financing that has contributed to improvements in international investment positions (IIPs). Participants held the view that the economies in the region had become more resilient. For instance, although currency and maturity mismatches are still a concern in some countries, they appear to be less relevant today than in the past. The recent shift in the global financial environment and its regional implications were also discussed. Notwithstanding continuing concerns about risks, the impact of the financial turmoil at the time of the meeting was still limited. Indeed, there was more concern with the risks of a global slowdown than with direct financial contagion. Looking forward, a key issue is how the transition away from the benign global financing environment that characterised the world economy in this decade will unfold. The effects on the region from the global financial turmoil and the associated downturn in economic activity in advanced economies will vary from country to country, and much will depend on specific developments, such as the evolution of commodity prices. In terms of macroeconomic policies in the face of large foreign currency inflows, fiscal and prudential policies to enhance resilience were considered important. It was also believed that sovereign wealth funds could play a useful role. There was less consensus regarding capital controls. Although some argued that they could be effective in the short run, there could be costs in terms of financial market development. Views also diverged on the effectiveness of foreign exchange intervention. Participating central banks agreed that securing financial stability in small open economies required the cooperation of monetary, fiscal and prudential authorities. However, participants expressed concern about possible contagion from the recent financial turmoil operating through foreign-owned banks. In some cases, there was concern that domestic banks with large foreign refinancing needs could also become vulnerable. The document in this volume was written by Alejandro Jara and Camilo E. Tovar with the technical advice of Ramon Moreno. We would like to thank all participants at the meeting for their comments and overall feedback. We are greatly indebted to Pablo Garcia-Luna and Rodrigo Mora for their excellent research assistance. Mar Gudmundsson made detailed comments on the document. We hope this publication will be a useful contribution towards improving the understanding of the monetary and financial stability implications of capital flows in the region.
Resilience In Latin America
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Author : Mr.Jose De Gregorio
language : en
Publisher: International Monetary Fund
Release Date : 2013-12-20
Resilience In Latin America written by Mr.Jose De Gregorio and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-20 with Business & Economics categories.
This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level of reserves, and a bit of luck coming from very high terms of trade, were central to good economic performance. Persevering along the road of strong macroeconomic and financial policies is necessary, but not sufficient, to go from recovery to sustained growth.