This book evaluates the economic effect of monetary policies and exchange rate arrangements within Latin America. Using theoretical and empirical studies, the text examines pertinent issues in Argentina, Mexico and Brazil, including the role of currency board, inflation targeting and...

Since the 1990s, the financial systems in developing and developed countries have gained in soundness, depth, and diversity, prompted in part by a series of financial sector and macroeconomic reforms aimed at fostering a market-driven economy in which finance plays a central role. Latin America...

During the 1980s and 1990s, financial sectors were theAchilles' heel of economic development in Latin Americaand the Caribbean (LAC). Since then, these sectors havegrown and deepened, becoming more integrated and competitive,with new actors, markets, and instruments springing up and...

This paper examines the mainstream theories of "financial sustainability" and "financial development". It is suggested understanding "financial development" as the complex dynamic characteristics of the financial sector, which is formed under the influence of financial and economic policy...