GNOS, CLAUDE; ROCHON, LOUIS-PHILIPPE - In: Journal of Post Keynesian Economics 27 (2004) 2, pp. 315-331
The dramatic increase in multinational banks in the late 1990s is a direct result of Washington Consensus-type policies that emphasize the removal of barriers to the free flow of financial capital. In Latin America, foreign banks now control almost half of the total banking activity. Inevitably,...