Finance for Development

Latin America in Comparative Perspective

Bibliographic Data

ID9826741
AuthorsR Feinberg (0000-0001-6588-3957, corresponding author), Barbara Stallings (0000-0002-9821-6533), Rogerio Studart (0000-0002-2394-4237)
Year2006
Volume85
Issue5
Pages170
Publication date2006-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForeign Affairs (JOURNAL)
Journal identifiersISSN: 0015-7120 • E-ISSN: 2327-7793
PublisherJSTOR (PUBLISHER)
DOI10.2307/20032106
OpenAlexW284903238
LanguageEN
Citations received29

Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financial sector, Barbara Stallings and Rogerio Studart examine the dramatic changes resulting from financial liberalization in the region. The authors begin by discussing the critical transformations taking place in Latin America since 1990 --a period marked by acceleration toward a new open, market-oriented development model, and away from a semi-closed model relying heavily on the state. Stallings and Studart examine changes in ownership of the financial sector and government regulation of banking, evaluate the role of capital markets as a source of finance, and compare Latin America's financial sector to that of East Asia. The second section of the book features case studies that demonstrate the changes occurring in Chile, Mexico, and Brazil with particular reference to finance for investment and access to credit. The authors conclude with a set of policy recommendations aimed at strengthening Latin American banks and capital markets so that they can play a greater role in supporting economic development

Economics · Financial system · Latin Americans · Perspective (graphical · Political science · Computer Science · Economic Theory and Policy · Global Financial Crisis and Policies · Law

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