This paper explores whether the level of financial integration of banks in a country increases the incidence of systemic banking crises. The paper uses a de facto proxy for financial integration based on network statistics of banks participating in the global market of interbank syndicated...

This paper raises fundamental questions about how banks in Latin America ought to be supervised. The concentration of wealth holders in Latin America and the equity markets' resulting illiquidity permit investors who control banks to subvert the intent of capital requirements, even when the bank...

This paper complements previous studies by arguing that the low private savings ratio in Latin America can be associated with the limited confidence of households and businesses in domestic financial institutions. Previous studies have established a relationship between private savings and...

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

This book looks at the key issues and lessons that policymakers must consider in designing an adequate framework for dealing with financial crises. These include structural problems and their causes, policy actions, the role of market discipline, and preemptive strategies.

This paper focuses on the design of successful bank restructuring programs in Latin America, a region where banking crises have been frequent in the past two decades. In each episode, Latin American policymakers have had to act under the severe constraints imposed on developing countries, which...

This book looks at the key issues and lessons that policymakers must consider in designing an adequate framework for dealing with financial crises. These include structural problems and their causes, policy actions, the role of market discipline, and preemptive strategies.

The template presented in this note is concerned with the evaluation of the sustainability of total government debt, regardless of whether the creditor is a domestic or foreign resident, a public or private entity or the jurisdiction where the debt was issued (in the case of bonded debt). The...