Advancing Financial Development in Latin America and the Caribbean
Advancing Financial Development in Latin America and the Caribbean

Author: Dyna Heng

Publisher: International Monetary Fund

Published: 2016-04-12

Total Pages: 32

ISBN-13: 1484326814

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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.

Advancing Financial Development in Latin America and the Caribbean
Advancing Financial Development in Latin America and the Caribbean

Author: Dyna Heng

Publisher: International Monetary Fund

Published: 2016-04-07

Total Pages: 32

ISBN-13: 1484321715

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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.

Saving for Development
Saving for Development

Author: Inter-American Development Bank

Publisher: Springer

Published: 2016-07-08

Total Pages: 352

ISBN-13: 1349949299

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Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.

Globalization and Development
Globalization and Development

Author: José Antonio Ocampo

Publisher: Stanford University Press

Published: 2003

Total Pages: 238

ISBN-13: 9780804749565

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Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].

Fintech and Financial Inclusion in Latin America and the Caribbean
Fintech and Financial Inclusion in Latin America and the Caribbean

Author: Mr. Dmitry Gershenson

Publisher: International Monetary Fund

Published: 2021-08-20

Total Pages: 77

ISBN-13: 1513592238

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Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.

A Mandate to Grow
A Mandate to Grow

Author: Eduardo A. Cavallo

Publisher: Inter-American Development Bank

Published: 2018-03-15

Total Pages: 121

ISBN-13:

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The 2018 Macroeconomic Report, A Mandate to Grow, revisits the growth debate that has been raging in the region for the past half century. Viewing the debate from this long-term perspective allows for a focus on the structural factors that have prevented Latin America and the Caribbean from reaching the growth potential required to keep pace with faster growing regions and to fulfill the aspirations of its population.

Central Banking in Latin America
Central Banking in Latin America

Author: Mr.Luis Ignacio Jácome

Publisher: International Monetary Fund

Published: 2015-03-17

Total Pages: 57

ISBN-13: 1484303180

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This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.

Firm Innovation and Productivity in Latin America and the Caribbean
Firm Innovation and Productivity in Latin America and the Caribbean

Author: Inter-American Development Bank

Publisher: Springer

Published: 2016-07-01

Total Pages: 366

ISBN-13: 1349581518

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This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.

Economic Growth in Latin America and the Caribbean
Economic Growth in Latin America and the Caribbean

Author: Norman Loayza

Publisher: World Bank Publications

Published: 2005-01-01

Total Pages: 169

ISBN-13: 0821360914

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Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.

Managing for Development Results
Managing for Development Results

Author: Roberto García López

Publisher: Inter-American Development Bank

Published: 2010-01-01

Total Pages: 228

ISBN-13: 1597821284

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Results-based management (RBM) is a public management strategy that involves decision making based on reliable information regarding the effects of governmental actions on society. It has been adopted in various developed countries as a way of improving efficiency and effectiveness in public policy. In Latin American and Caribbean (LAC) countries, governments and public managers show increasing interest in this management strategy. Given the relative novelty of RBM in the region, however, there is scant literature on the subject. This book is intended to fill this gap in two ways. First, it seeks to describe some of the basic RBM concepts and adapt them according to regional characteristics. Second, it presents an assessment, based on studies carried out in 25 countries, of the challenges facing LAC countries and their capacity to implement results-based public management.