International Finance and Latin America PDF Download

Author: Stephany Griffith-Jones
Publisher: Routledge
ISBN: 1136878084
Category : Business & Economics
Languages : en
Pages : 125

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Book Description
This reissue, initially published in 1984, examines the evolution of international financial flows to Latin America since 1945, along with their implications for National Development . The book describes how, in each of the first three decades since the war, a new agency emerged (foreign investors in the 1950s, official aid agencies in the 1960s and multinational banks in the 1970s) which was willing to play a dynamic role in generating new financial flows to the region. The lack of such an agent in the 1980s, combined with a reluctance on the part of former investors to maintain their level of assistance culminated in an economic debt crisis in Latin America which this work seeks to address, asking the crucial question: what measures should be taken – both nationally and internationally – to deal with this critical issue , in a way that will both encourage Latin American Development and avoid a major international financial crisis?

Author: OECD
Publisher: OECD Publishing
ISBN: 9789264181090
Category :
Languages : en
Pages : 136

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Book Description
The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of ...

Author: Barbara Stallings
Publisher: Rowman & Littlefield
ISBN: 0815797915
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financial sector, Barbara Stallings and Rogerio Studart examine the dramatic changes resulting from financial liberalization in the region. The authors begin by discussing the critical transformations taking place in Latin America since 1990—a period marked by acceleration toward a new open, market-oriented development model, and away from a semi-closed model relying heavily on the state. Stallings and Studart examine changes in ownership of the financial sector and government regulation of banking, evaluate the role of capital markets as a source of finance, and compare Latin America's financial sector to that of East Asia. The second section of the book features case studies that demonstrate the changes occurring in Chile, Mexico, and Brazil with particular reference to finance for investment and access to credit. The authors conclude with a set of policy recommendations aimed at strengthening Latin American banks and capital markets so that they can play a greater role in supporting economic development.

Author: Organisation for Economic Co-operation and Development. Development Centre
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 148

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Book Description
The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of ...

Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
ISBN: 1484303180
Category : Business & Economics
Languages : en
Pages : 57

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Book Description
This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.

Author: Jeffry Frieden
Publisher: Routledge
ISBN: 1317432355
Category : Business & Economics
Languages : en
Pages : 214

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Book Description
This book, first published in 1987, examines American international finance and banking, and the affect that the United States had in the world economy. This book will be of interest to students of finance and economics.

Author: Tatiana Didier
Publisher: World Bank Publications
ISBN: 0821398288
Category : Business & Economics
Languages : en
Pages : 587

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Book Description
This book synthesizes the results of a comprehensive analysis of the status, prospects, and challenges of sustainable financial development in Latin America, as well as the lessons for developed and developing countries.

Author: Andreas Keller
Publisher: GRIN Verlag
ISBN: 3640710568
Category : Political Science
Languages : en
Pages : 17

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Book Description
Seminar paper from the year 2008 in the subject Politics - Topic: International Organisations, grade: 1,0, LMU Munich (Geschwister-Scholl-Institut für politische Wissenschaften), language: English, abstract: Regularly, the International Finance Institutions (the World Bank and the International Monetary Fund)are critized harshly by Latin American leaders - Venezuela's Hugo Chávez even called them a “curse” for Latin America, and condemned its "shock politics that have spread hunger, misery, poverty and violence to our peoples." The “Banco del Sur”, a new development bank recently founded by Venezuela and six other Latin American countries, is seen as an answer to the IMF and the World Bank. Criticism like this is common in Latin America. Some points are quite understandable: In the International Monetary Fund, which is responsible for monitoring the global financial system, the United States de facto has a veto power. Other Western industrial nations make up for the majority of the vote. The same applies to the World Bank whose president always is appointed by the President of the United States. It is hard not to suspect US political interests behind this appointment: Two World Bank presidents – Robert McNamara and Paul Wolfowitz – came from the US Department of Defense, where they were responsible for leading controversial wars like Vietnam or Iraq. These criticisms are well-known. This paper thus concentrates on the actual work of the International Finance Institutions in Latin America, the implementation of their policies and how they affected the subcontinent. Their influence is enormous: some hold the IMF and the World Bank responsible for severe crises that nearly lead to collapses of nations and for the ongoing underdevelopment of Latin America. Indirectly they are also blamed for the current enormous resurgence of leftist movements, which all declared the International Finance Institutions one of their main enemies. As the measures of the IMF and the World Bank are intertwined, they will be depicted together. First, the conceptual framework of the IMF, the World Bank and the “Washington Consensus” will be presented, followed by a short summary of Latin American economic history from the 1950s to the 1990s. Then the different measures of the structural adjustment package of the Bretton Wodds Institutions, their impact (illustrated by different country examples) and outcomes will be discussed in detail. Finally this paper will give attention to the “Banco del Sur”, a development bank very recently founded by seven Latin American nations that should make these countries independent from perceived Western influence through the IMF and the World Bank.

Author: Paolo Savona
Publisher: Springer
ISBN: 1349088129
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
Developments in the international monetary order and world trade have profoundly affected the Latin American region. This book is a collection of papers presented at the International Conference on World Trade-Monetary Order and Latin America.

Author: Andrés Franco Vasco
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
Since the early 1990s, the nations of Latin America and the Caribbean (LAC) have joined other developing countries to bring the issue of financing for development to the agenda of the United Nations. Although the discussion had begun earlier in the 1980s, it was not until 1997, when a financial crisis hit many developing countries, that a decision was made to convene an international forum. What is the role and what are the sensitivities and perspectives of LAC in regard to financing for development? This book attempts to provide a comprehensive answer to this question, taking into account the need to prevent external crises in the future, to reduce the vulnerability of the region, to reform the international financial system, and to minimize the social impact of these factors.