This paper presents a growth diagnostic exercise for Peru. It notes that although Peru has recently enjoyed high rates of economic growth, this growth is actually a recovery from a significant and sustained growth collapse that began in the 1970s, caused by a decline in export earnings due to...

This policy note focuses on provisioning practices in Latin America, a supervisory tool that if well designed can contribute to strengthen both micro and macro prudential regulation. For that purpose this note briefly explains the importance of an adequate regulatory regime for provisioning...

This paper examines the liberalization process in the context of reflecting on the challenges facing China's financial system and possible lessons that can be learned from the experiences of other emerging market economies. Section 1 begins with a brief look at the characteristics of the Chinese...

The central objective of this discussion paper is to present a simple explanation of recent financial crises and, on that basis, to discuss some policy options for individual countries. Systemic policies are not discussed. More emphasis is put on understanding the nature of these crises than on...

Europe faces challenges reminiscent of Latin American financial crises. The failure of recent liquidity support to normalize the situation in Europe suggests the need to refocus the policy debate on fundamentals: structural reform for growth and, where needed, restructuring to resolve banking...

Los sistemas de garantía son instrumentos que tratan de mitigar las disfunciones que genera la exigencia de garantías a los empresarios en las operaciones crediticias. En este trabajo se diagnostican los efectos no deseados que provocan las reglas internacionales en el acceso al financiamiento...

After the 2007-2009 global financial crisis and previous financial crises in Latin America, the liquidity-risk exposure of banking systems is considered one of the most important vulnerabilities. At the same time, that exposure may also be the most mysterious of those vulnerabilities, as the...

This document is a supplement to the brochure, Remittances in times of financial instability, and the map of remittances to Latin America and the Caribbean in 2008, produced by MIF. The document provides a short overview of significant trends affecting remittances and their impact on families,...

Final Report on the research study on the impact of the financial crisis on remittances trends to Latin America and the Caribbean in 2009

This policy note focuses on provisioning practices in Latin America, a supervisory tool that if well designed can contribute to strengthen both micro and macro prudential regulation. For that purpose this note briefly explains the importance of an adequate regulatory regime for provisioning...