The basic worldwide financial safety net architecture provides for a system of similar institutions: a lender of last resort, deposit insurance, and prudential regulation. In countries whose banking systems suffer seriously from negative capital positions and overbanking, such as in some Latin...

This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...

Should Latin American countries adopt the same regulatory and supervisory procedures and market structures as industrial countries? Or should they consider alternative financial frameworks better suited to their very different economies? Policymakers, academics, and market practicioners exchange...

The political dimension of finance in economic development / Stephan Haggard and Chung H. Lee -- Financial policy and big business in Korea : the perils of financial regulation / Byung-Sun Choi -- Guarding the commanding heights : the state as banker in Taiwan / Tun-Jen Cheng -- The politics of...