This paper points out the current situation of debtors and creditors and evaluates some of the difficult issues concerning the international management of Latin America's payment problems. It is concluded that, in the absence of new credits, debtors in the region will opt for unilateral limits...

Luego de mas de diez anos de un amplio y extenso proceso de liberalizacion y desregulacion financiera, el panorama latinoamericano de los mercados bancario, de seguros y de los fondos de pensiones ha sido modificado por la masiva presencia de entidades financieras globales. En este escenario los...

The recent global financial turmoil raised questions about the stability of foreign banks'' financing to emerging market countries. While foreign banks'' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was significantly more...