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Author : Philip Lawton Brock
Publisher : IDB
ISBN 13 : 9781886938748
Total Pages : 284 pages
Book Rating : 4.9/5 (387 download)
Download or read book Why So High? written by Philip Lawton Brock and published by IDB. This book was released on 2000 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip Brock
Publisher :
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4.:/5 (13 download)
Download or read book Why So High? Understanding Interest Rate Spreads in Latin America written by Philip Brock and published by . This book was released on 2015 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial liberalization has not lived up to expectations, at least as far as interest rate spreads are concerned. Over the past decade, many countries in Latin America and the Caribbean have reformed their financial sectors and reaped major economic benefits as a result. However, the persistence of high interest rate spreads - the difference between the interest charged to borrowers and the rate paid to depositors - has been a disquieting outcome of the reforms. Why So High? presents the first systematic analysis of the micro-and macroeconomic determinants of bank spreads across countries in Latin America. What has been the trend in bank spreads during the 1990s and how has financial liberalization contributed to this trend? How well do competing theories of interest rate spreads in industrial countries perform when applied to Latin America? What can policymakers do to promote the convergence of interest rate spreads to international levels? These are important questions addressed by this book.
Author : Liliana Rojas Suarez
Publisher :
ISBN 13 :
Total Pages : 277 pages
Book Rating : 4.:/5 (777 download)
Download or read book Why so high? : understanding interest rate spreads in Latin America written by Liliana Rojas Suarez and published by . This book was released on 2000 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gaston Gelos
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451863048
Total Pages : 31 pages
Book Rating : 4.8/5 (63 download)
Download or read book Banking Spreads in Latin America written by Gaston Gelos and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-02-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intermediation spreads in Latin America are high by international standards. This paper examines the determinants of bank interest margins in that region using bank and country-level data from 85 countries, including 14 Latin American economies. The results suggest that Latin America has higher interest rates, less efficient banks, and larger reserve requirements than other regions and that these factors have a significant impact on spreads. However, Latin American countries do not differ markedly from their peers in other aspects that are found important in determining the cost of financial intermediation, such as inflation and bank profit taxation.
Author : Philip Brock
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (13 download)
Download or read book Understanding the Behavior of Bank Spreads in Latin America written by Philip Brock and published by . This book was released on 2015 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, many countries in Latin America have eliminated interest rate ceilings, reduced reserve requirements, and stopped direct credit controls. These market-oriented reforms have encouraged financial deepening, thereby producing considerable economic benefits to the countries. Nevertheless, the persistence of high interest rate spreads has been a disquieting outcome of the reforms. This paper explores the determinants of bank spreads in a systematic way for Argentina, Bolivia, Chile, Colombia, Mexico, Peru, and Uruguay during the mid-1990s. The analysis shows that high operating costs raise spreads as do high levels of non-performing loans, although the size of these effects differs across the countries. In addition, reserve requirements in a number of countries still act as a tax on banks that gets translated into a higher spread. Beyond bank specific variables, uncertainty in the macroeconomic environment facing banks appears to increase interest spreads. The combination of these microeconomic and macroeconomic factors is a cause for concern in Latin America. As spreads widen, the cost of using the financial system becomes prohibitive to some potential borrowers. In addition, the results suggest that bank capital requirements may not prevent excessive risk taking by banks when bank spreads are high.
Author : Carlos Alfredo Rodríguez
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Interest Rates in Latin America written by Carlos Alfredo Rodríguez and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264243275
Total Pages : 199 pages
Book Rating : 4.2/5 (642 download)
Download or read book OECD Development Pathways Multi-dimensional Review of Peru Volume 1. Initial Assessment written by OECD and published by OECD Publishing. This book was released on 2015-10-08 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews the main bottlenecks to boost inclusive development and well-being in Peru. These include education and skills, the labour market, innovation, transport infrastructure and logistics, governance and trust in institutions.
Author :
Publisher : Peterson Institute
ISBN 13 : 9780881325928
Total Pages : 398 pages
Book Rating : 4.3/5 (259 download)
Download or read book After the Washington Consensus: Restarting Growth and Reform in Latin America written by and published by Peterson Institute. This book was released on with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. Diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.
Author : José Antonio González
Publisher : University of Chicago Press
ISBN 13 : 0226302687
Total Pages : 458 pages
Book Rating : 4.2/5 (263 download)
Download or read book Latin American Macroeconomic Reforms written by José Antonio González and published by University of Chicago Press. This book was released on 2010-04-15 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy. Contributors also work to identify future concerns and erect clear signposts for future reforms. For instance, now that inflation rates have been stabilized, one suggested "second stage" monetary reform would be to focus on reducing rates from high to low single digits. Financial sector reforms, it is suggested, should center on improving regulation and supervision. And, contributors argue, since fiscal stability has already been achieved in most countries, new fiscal reforms need to concentrate on institutionalizing fiscal discipline, improving the efficiency and equity of tax collection, and modifying institutional arrangements to deal with increasingly decentralized federal systems. The analysis and commentary in this volume-authored not only by academic observers but by key Latin American policymakers with decades of firsthand experience-will prove important to anyone with an interest in the future of Latin American's continuing economic development and reform. Contributors to this volume: José Antonio González, Stanford University Anne O. Krueger, International Monetary Fund Vittorio Corbo, Pontifical Catholic University, Chile Klaus Schmidt-Hebbel, Central Bank of Chile Alejandro Werner, Bank of Mexico Márcio G. P. Garcia, Pontifical Catholic University, Rio Tatiana Didier, World Bank Gustavo H. B. Franco, former president, Central Bank of Brazil Francisco Gil Díaz, Minister of the Treasury, Mexico Roberto Zahler, former governor, Central Bank of Chile Ricardo J. Caballero, Massachusetts Institute of Technology Philip L. Brock, University of Washington Stephen Haber, Stanford University Pablo E. Guidotti, Universidad Torcuato Di Tella, Buenos Aires Vito Tanzi, International Monetary Fund Enrique Dávila, Ministry of Finance, Mexico Santiago Levy, Mexican Social Security Institute Ricardo Fenochietto, private consultant, Buenos Aires Rogério L. F. Werneck, Pontifical Catholic University, Rio Carola Pessino, Universidad Torcuato di Tella, Buenos Aires Michael Michaely, Hebrew University of Jerusalem
Author : Pedro-Pablo Kuczynski
Publisher : Columbia University Press
ISBN 13 : 0881324515
Total Pages : 386 pages
Book Rating : 4.8/5 (813 download)
Download or read book After the Washington Consensus written by Pedro-Pablo Kuczynski and published by Columbia University Press. This book was released on 2003-03-26 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.
Author : Alejandro M. Werner
Publisher : International Monetary Fund
ISBN 13 : 1513599747
Total Pages : 458 pages
Book Rating : 4.5/5 (135 download)
Download or read book Peru written by Alejandro M. Werner and published by International Monetary Fund. This book was released on 2015-09-16 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peru stands out among Latin American countries as an example of successful economic reforms over the past decade. This comprehensive look at Peru's economy traces that country's journey from a debt crisis in the 1980s to having buffers in place that allowed it to emerge unscathed from the global financial crisis. The book examines the steps Peru undertook to achieve these results and extracts lessons to be learned. Chapters are written by IMF staff and Peruvian economists.
Author : Patrick Honohan
Publisher : World Bank Publications
ISBN 13 : 9780821354346
Total Pages : 476 pages
Book Rating : 4.3/5 (543 download)
Download or read book Taxation of Financial Intermediation written by Patrick Honohan and published by World Bank Publications. This book was released on 2003 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the options for, and obstacles to, successful financial sector tax reform, both in terms of theoretical and practical aspects. Issues discussed include: the design of optimal tax schemes, the role of imperfect information and the links between taxation and saving, inflation, the income tax treatment of intermediary loan-loss reserves, deposit insurance, VAT and financial transactions taxes; as well as current practice in the industrial world and case studies of distorted national systems. This is a co-publication of the World Bank and Oxford University Press.
Author : Mr.Bart Turtelboom
Publisher : International Monetary Fund
ISBN 13 : 1451939183
Total Pages : 46 pages
Book Rating : 4.4/5 (519 download)
Download or read book Interest Rate Liberalization written by Mr.Bart Turtelboom and published by International Monetary Fund. This book was released on 1991-12-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.
Author : Mr.Carlos A. Végh Gramont
Publisher : International Monetary Fund
ISBN 13 : 1451946724
Total Pages : 72 pages
Book Rating : 4.4/5 (519 download)
Download or read book Stopping High Inflation written by Mr.Carlos A. Végh Gramont and published by International Monetary Fund. This book was released on 1991-11-01 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author :
Publisher :
ISBN 13 :
Total Pages : 608 pages
Book Rating : 4.X/5 (6 download)
Download or read book Latin American Weekly Report written by and published by . This book was released on 2000 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andres Velasco
Publisher : Brookings Institution Press
ISBN 13 : 9780815714576
Total Pages : 284 pages
Book Rating : 4.7/5 (145 download)
Download or read book Economia: Fall 2004: Journal of the Latin American and Caribbean Economic Association written by Andres Velasco and published by Brookings Institution Press. This book was released on 2005-01-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers to share high-quality research directly applied to policy issues within and among those countries.Contents Include: The Impact of the Basel Accord on Bank Credit Growth: A Cross-Country Study Ralph Chami and Adolfo Barajas (IMF) and Thomas Cosimano (University of Notre DameDistributional Effects of Crises: The Financial Channel Marina Halac and Sergio L. Schmukler (World Bank)Growth and Adjustment in East Asia and Latin America José De Gregorio (Banco Central de Chile) and Jong-Wha Lee (Korea University) Labor Market Adjustment in Chile Kevin Cowan, Alejandro Micco, and Carmen Pages (IADB)A Menu of Minimum Wage Variables for Evaluating Wage and Employment Effects: Evidence from Brazil Sara Lemos (University of Leicester)
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1498345891
Total Pages : 198 pages
Book Rating : 4.4/5 (983 download)
Download or read book Financial Integration in Latin America written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-04-03 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China’s growth, and a number of global banks have been leaving the region. AlthoughLatin American countries were generally less affected by the global financial crisis (GFC) than other regions, the region continues also to suffer from the protracted sluggish growth in advanced economies. In addition, there has since 2008 been a withdrawal of global banks from the region, thus potentially worsening access to credit or reducing competition in the financial sector. More broadly, the GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s...
