Financial Stability Reports In Latin America And The Caribbean

Author : Cheng Hoon Lim
Publisher : International Monetary Fund
ISBN 13 : 147558959X
Total Pages : 41 pages
Book Rating : 4.97/5 ( download)

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Download or read book Financial Stability Reports in Latin America and the Caribbean written by Cheng Hoon Lim and published by International Monetary Fund. This book was released on 2017-03-28 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Augusto de la Torre
Publisher : World Bank Publications
ISBN 13 : 0821388479
Total Pages : 279 pages
Book Rating : 4.71/5 ( download)

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Download or read book Financial Development in Latin America and the Caribbean written by Augusto de la Torre and published by World Bank Publications. This book was released on 2011-11-30 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

Author : Alejandro Jara
Publisher :
ISBN 13 : 9789291977796
Total Pages : 59 pages
Book Rating : 4.99/5 ( download)

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Download or read book Monetary and Financial Stability Implications of Capital Flows in Latin America and the Caribbean written by Alejandro Jara and published by . This book was released on 2008 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Henri Fortin
Publisher : World Bank Publications
ISBN 13 : 9780821381113
Total Pages : 196 pages
Book Rating : 4.13/5 ( download)

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Download or read book Accounting for Growth in Latin America and the Caribbean written by Henri Fortin and published by World Bank Publications. This book was released on 2009-11-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Dyna Heng
Publisher : International Monetary Fund
ISBN 13 : 1484321715
Total Pages : 32 pages
Book Rating : 4.13/5 ( download)

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Download or read book Advancing Financial Development in Latin America and the Caribbean written by Dyna Heng and published by International Monetary Fund. This book was released on 2016-04-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author :
Publisher :
ISBN 13 : 9789291977352
Total Pages : 93 pages
Book Rating : 4.57/5 ( download)

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Download or read book Evolving Banking Systems in Latin America and the Caribbean written by and published by . This book was released on 2007 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Pelin Berkmen
Publisher : International Monetary Fund
ISBN 13 : 1498303242
Total Pages : 53 pages
Book Rating : 4.48/5 ( download)

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Download or read book Fintech in Latin America and the Caribbean: Stocktaking written by Pelin Berkmen and published by International Monetary Fund. This book was released on 2019-03-26 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Augusto de la Torre
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Download or read book Financial Development in Latin America written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Author : Bank for International Settlements
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.48/5 ( download)

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Download or read book Monetary and Financial Stability Implications of Capital Flows in Latin America and the Caribbean written by Bank for International Settlements and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1616352477
Total Pages : 94 pages
Book Rating : 4.79/5 ( download)

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Download or read book Global Financial Stability Report, April 2012 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2012-04-18 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.