Financial Market Fragilities in Latin America: From Banking Crisis Resolution to Current Policy Challenges

Steven Weisbrod and Liliana Rojas-Suarez

No 1994/117, IMF Working Papers from International Monetary Fund

Abstract: This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.

Keywords: WP; exchange rate; U.S. dollar; commercial paper; savings and loan; franchise value; insurance fund; cash flow; swap contract; balance of payments; federal savings bank; economic value; Commercial banks; Currencies; Bank credit; Loans; Credit; Central America (search for similar items in EconPapers)
Pages: 120
Date: 1994-10-01
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Citations: View citations in EconPapers (32)

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