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Banking Crises In Latin America
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Book Synopsis Banking Crises in Latin America by : Ricardo Hausmann
Download or read book Banking Crises in Latin America written by Ricardo Hausmann and published by IDB. This book was released on 1996 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking crises occur in both industrial and developing countries, but in Latin America they last longer, affect a larger segment of the banking industry and cost the public more. In Banking Crises in Latin America, distinguished policymakers, academicians and bankers examine the main causes of such crises, how governments can manage them more effectively, and how they can be prevented. The six sections of the book focus on the salient features of Latin American banking systems, the macroeconomic causes of banking crises, the microeconomic factors leading to bank difficulties, and the particular constraints that make the management of banking crises more complicated in Latin America than in industrial countries. Policy recommendations at both the macro- and microeconomic level aim to improve the resilience of banking systems to unanticipated shocks. The last section of the book turns the focus to experiences of individual countries. Contributors include Eduardo Aninat, Guillermo Calvo, Michel Camdessus, Sebastian Edwards, Enrique Iglesias, Lawrence Summers and Paul Volcker.
Book Synopsis Banking Crises in Latin America by : Liliana Rojas-Suarez
Download or read book Banking Crises in Latin America written by Liliana Rojas-Suarez and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that the experiences with banking crises in Latin America have been different from those in the industrial world because of the peculiarities of Latin American financial systems. Hence, applying the lessons derived from crisis resolution in the industrial world is not sufficient to deal with banking problems in the region; it must be augmented by the unique experiences of Latin American regulators if future crises in the region are to be managed or avoided. Section II discusses the features of Latin American financial systems that distinguish them from those in the industrial world. Section III discusses how the fragility of these systems contributes to the relative severity of banking crises in the region. The evidence in Section IV suggests that while crises have occurred under both policy regimes, highly regulated regimes have been characterized by a greater volatility in financial markets than more liberal policy environments. Section V considers the phenomenon that often supervisors in Latin America rely more heavily on reserve requirements than on supervision of individual banks to control the growth of risky bank credit. Because high reserve requirements impose costs on both strong and weak banks, these measures should be applied only until the conditions for strong supervision are present. Section VI discusses some policy options for reducing financial market fragility.
Book Synopsis Preventing Banking Sector Distress and Crises in Latin America by : Suman K. Bery
Download or read book Preventing Banking Sector Distress and Crises in Latin America written by Suman K. Bery and published by World Bank Publications. This book was released on 1997-01-01 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe. Although the countries of the region inherited broadly accessible education systems, the legacies of central planning have constrained the systems from fully adjusting to market economies. This study examines empirical trends in access to and financing of education in nine Central and East European countries by drawing on the findings of a World Bank project that examined the social risks facing people and the policy responses taken by governments since 1989. Chapters address access and participation, the labor market, financing, and staff in the education sector.
Book Synopsis Banking Crises in Latin America by :
Download or read book Banking Crises in Latin America written by and published by . This book was released on 1996 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Banking Crises in Latin America in the 1990's by : Ms.Alicia García-Herrero
Download or read book Banking Crises in Latin America in the 1990's written by Ms.Alicia García-Herrero and published by International Monetary Fund. This book was released on 1997-10-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent banking crises in Argentina, Paraguay, and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific causes had the largest macroeconomic impact. Countries with high dollarization and a large share of foreign and government-owned banks maintained a more stable deposit base, at least temporarily, by shifting to dollar-denominated deposits and foreign and government-owned banks. Countries that responded with a rapid, consistent, and comprehensive policy response reduced the negative macroeconomic consequences of their crises.
Book Synopsis Financial Market Fragilities in Latin America by : Ms.Liliana Rojas-Suárez
Download or read book Financial Market Fragilities in Latin America written by Ms.Liliana Rojas-Suárez and published by International Monetary Fund. This book was released on 1994-10-01 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to resolve banking difficulties in developing countries. Second, the paper analyzes current policy challenges associated with the health of financial systems in Latin America, including: (a) designing policies to respond to the recent large inflows of capital that maintain long-run macroeconomic stability and healthy financial systems; and (b) evaluating the impact of capital markets competition on the soundness of banking systems.
Book Synopsis Central Banking in Latin America by : Mr.Luis Ignacio Jácome
Download or read book Central Banking in Latin America written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2015-03-17 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Central Bank Involvement in Banking Crises in Latin America by : Luis Ignacio Jácome
Download or read book Central Bank Involvement in Banking Crises in Latin America written by Luis Ignacio Jácome and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-05-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring central bank money into the financial system generally derailed monetary policy, fueled further macroeconomic unrest, and contributed to simultaneous currency crises, thereby aggravating financial instability. In contrast, when central bank money issuance was restricted and bank resolution was timely executed, financial disturbances were handled with less economic cost. However, this strategy worked provided appropriate institutional arrangements were in place, which highlights the importance of building a suitable framework for preventing and managing banking crises.
Book Synopsis Central Bank Involvement in Banking Crises in Latin America by :
Download or read book Central Bank Involvement in Banking Crises in Latin America written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Central Banking in Latin America by : Mr.Luis Ignacio Jácome
Download or read book Central Banking in Latin America written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2015-03-17 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Financial Crises in Japan and Latin America by : Edgardo C. Demaestri
Download or read book Financial Crises in Japan and Latin America written by Edgardo C. Demaestri and published by IDB. This book was released on 2003 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Managing Financial Crises by : Mr.Charles Collyns
Download or read book Managing Financial Crises written by Mr.Charles Collyns and published by International Monetary Fund. This book was released on 2003-04-10 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.
Book Synopsis Can Emerging Market Central Banks Bail Out Banks? A+L4848 Cautionary Tale From Latin America by : Luis I. Jacome H.
Download or read book Can Emerging Market Central Banks Bail Out Banks? A+L4848 Cautionary Tale From Latin America written by Luis I. Jacome H. and published by International Monetary Fund. This book was released on 2011-11-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse macroeconomic repercussions. Using panel data techniques, the paper analyzes episodes of financial turmoil in 16 Latin America during 1995-2007. The results show that developing and emerging market countries should be cautious because injecting money on a large scale into the financial system may fuel further macroeconomic instability, increasing the chances of simultaneous currency crises.
Book Synopsis Financial Vulnerability, Spillover Effects, and Contagion by : Guillermo Perry
Download or read book Financial Vulnerability, Spillover Effects, and Contagion written by Guillermo Perry and published by World Bank Publications. This book was released on 1998-01-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is already a large and growing literature about the financial crises affecting several former star economic performers in Asia. Some analysis have focused on the mismanagement of the structure of foreign debt and economic policies, while others have focused on weaknesses ingrained in the domestic financial and banking sectors of these economies. This paper attempts to reconcile these alternative explanations in a simple framework, where the causes and symptoms of "financial vulnerability" are distinguished.
Book Synopsis Banking Crises in Latin America in the 1990s by : Alicia García-Herrero
Download or read book Banking Crises in Latin America in the 1990s written by Alicia García-Herrero and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent banking crises in Argentina, Paraguay and Venezuela suggest that the macroeconomic impact is influenced by the causes of the crisis, the exchange rate regime, the degree of dollarization, and the structure of the banking system. Crises stemming from both macroeconomic and bank-specific causes had the largest macroeconomic impact. Countries with high dollarization and a large share of foreign and government-owned banks maintained a more stable deposit base, at least temporarely, by shifting to dollar-denominated deposits and foreign and government-owned banks. Countries that responded with a rapid, consistent, and comprehensive policy response reduced the negative macroeconomic consequences of their crises.
Book Synopsis Financial Fragilities in Latin America by : Ms.Liliana Rojas-Suárez
Download or read book Financial Fragilities in Latin America written by Ms.Liliana Rojas-Suárez and published by International Monetary Fund. This book was released on 1995-10-06 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: By reviewing the experiences of Latin American countries with the restructuring of their financial sectors since 1982, this paper derives lessons regarding the most effective ways to deal with banking difficulties in developing countries. It then discusses whether these lessons have been put into practice during the latest crisis. A sample of five countries - Argentina, Chile, Colombia, Mexico, and Peru - is used for this purpose.
Book Synopsis Debt and Crisis in Latin America by : Robert Devlin
Download or read book Debt and Crisis in Latin America written by Robert Devlin and published by Princeton University Press. This book was released on 2014-07-14 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
