New financing trends in Latin America: a bumpy road towards stability

Bank for International Settlements and Federal Reserve Bank of Atlanta

No 36 in BIS Papers from Bank for International Settlements

Abstract: In May 2007 the Bank for International Settlements (BIS) and the Federal Reserve Bank (FRB) of Atlanta hosted a meeting in Mexico City on “New financing trends in Latin America: a bumpy road towards stability”. The meeting, which was chaired by Philip Turner of the BIS, brought together senior officials from central banks, finance ministries, the private sector, multilateral institutions and academia to discuss issues and challenges from the most recent financing developments observed across the region. Five main issues were addressed at the meeting: recent trends in Latin America, the influence of certain idiosyncratic features on financial developments in the region, the benefits and challenges of the development of domestic local currency bond markets, the implications for monetary policy and the coordination of debt management policies between central banks and finance ministries and, finally, the implications for financial stability. This meeting was a “first” as a collaborative effort between the BIS and the FRB Atlanta, and was organised at t he initiative of the BIS Representative Office for the Americas (inaugurated in 2002) and the FRB Atlanta Americas Center (created in 2005). Given the significance of the topics discussed, we decided to publish in this BIS Papers series the contributions by José Antonio Ocampo (United Nations Under-Secretary General for Economic and Social Affairs) and Professor Barry Eichengreen (University of California, Berkeley), a contribution by the Bank of Spain, and the background documents prepared for this event.

Date: 2008 Written 2008-02
ISBN: 92-9131-746-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.bis.org/publ/bppdf/bispap36.pdf Full PDF document (application/pdf)
http://www.bis.org/publ/bppdf/bispap36.htm (text/html)

Chapters in this book:

New financing trends in Latin America , pp 1-14

Camilo Tovar and Myriam Quispe-Agnoli

Financing trends in Latin America , pp 15-27

Myriam Quispe-Agnoli and Diego Vilan

Policy space and the changing paradigm in conducting macroeconomic policies in developing countries , pp 28-45

Jose Antonio Ocampo and Robert Vos

Latin America’s local currency bond markets: an overview , pp 46-64

Serge Jeanneau and Camilo Tovar

Financial stability implications of local currency bond markets: an overview of the risks , pp 65-87

Serge Jeanneau and Camilo Tovar

Local debt expansion and vulnerability reduction: an assessment for six crisis-prone countries , pp 88-109

Paloma Acevedo, Enrique Alberola and Carmen Broto

Plumbing for Latin American capital markets , pp 110-139

Sudarat Ananchotikul and Barry Eichengreen

Domestic securities markets and monetary policy in Latin America: overview and implications , pp 140-163

Serge Jeanneau and Camilo Tovar

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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbps:36

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