This paper complements previous studies by arguing that the low private savings ratio in Latin America can be associated with the limited confidence of households and businesses in domestic financial institutions. Previous studies have established a relationship between private savings and...

This paper raises fundamental questions about how banks in Latin America ought to be supervised. The concentration of wealth holders in Latin America and the equity markets' resulting illiquidity permit investors who control banks to subvert the intent of capital requirements, even when the bank...

The objective of this report is to examine the extent to which countries in Latin America and the Caribbean participate in global value chains and what are the drivers of such participation. Production processes have been increasingly fragmented worldwide. For example, the production of the...

Pt. 1. The macroeconomics of capital flows to Latin America, experience and policy issues / Michael Gavin, Ricardo Hausmann, and Leonardo Leiderman. Commentary / Michael Bruno ... [et al.]. Conclusion to Part 1 / Jacob Frenkel -- Pt. 2. Achieving stability in Latin American financial markets in...

In order to analyze how satisfactory the growth process in Latin America has been over the past 40 years it is important to make relevant comparisons with other experiences. To tackle this issue, the authors focus on the per capita economic growth rate and its contributing factors, comparing the...

In order to analyze how satisfactory the growth process in Latin America has been over the past 40 years it is important to make relevant comparisons with other experiences. To tackle this issue, the authors focus on the per capita economic growth rate and its contributing factors, comparing the...