The paper documents the major trends in financial development in Latin America and the Caribbean since the early 1990s. The paper compares trends in Latin America and the Caribbean with those in Asia, Eastern Europe, and advanced countries and compares countries within Latin America and the...

Many factors indicate that now may be the time for Latin American economies to work toward greater regional financial integration. Integration, with appropriate management of the risks, could bring needed diversification to Latin American financial sectors, and set the stage for further...