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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...
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matter for the relative merits of bank-based and market-based financial systems. Market-based systems work better in low rule … of law countries, while bank-based systems are more efficient in high-rule of law countries. These results are consistent … with the premise that market-based systems’ superiority in solving the incomplete information problem dominates over bank …
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-billion dollar bailout brokered at the offices of the New York Federal Reserve Bank. This article situates that financial volatility …
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The second round of the Presidential elections in Chile marked a swing in the local political scenario. The coalition led by Gabriel Boric secured an unprecedented victory under the premise of delivering long-awaited reforms to a financially volatile, structurally fragile and deeply unequal...
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This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
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