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...

Foreign bank entrants into emerging markets are usually thought to improve the condition and performance of acquired institutions, and more generally to enhance local financial stability. We use bank-specific data for a range of Latin American countries since the mid-1990s to address elements of...

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...