The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the ‘Tequila Crisis’ of 1994–95. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and...

Front Cover -- Title Page -- Copyright Information -- Table of Contents -- Acknowledgments -- Finance for Development: Issues and Trends -- Part I: Changes in Latin America's Financial System since 1990: Comparisons with East Asia -- Financial Liberalization, Crisis, and the Aftermath -- Changes...