countries tend to redistribute more. Bolivia, Colombia, El Salvador, Guatemala, Honduras and Peru redistribute below the trend … equalizing in Argentina, Brazil and Uruguay and also in Chile, Costa Rica and Ecuador but, in the latter, their effect is small …; Chile, Ecuador and Mexico are on trend; and, Argentina, Brazil, Costa Rica and Uruguay redistribute above the trend. Fiscal …

calculation of capital held by the banks in four Latin American countries — known as the Andean countries: Bolivia, Colombia …, Ecuador and Peru — and assesses the potential effects of full compliance with the capital requirements under Basel III. The …