Financialization, Austerity, and Inclusion in Latin America and the Caribbean

Financialization, Austerity, and Inclusion in Latin America and the Caribbean PDF

Author: Rana S. Gautam

Publisher: Lexington Books

Published: 2023-12-06

Total Pages: 183

ISBN-13: 1793647968

DOWNLOAD EBOOK →

Gautam, Pinheiro, and Wilson analyze the spread of financialization in Latin America and the Caribbean, highlighting the ideational origins of financialization outside the region, its effects on government budgeting and social inclusion, and options for increased inclusivity.

Financial Inclusion

Financial Inclusion PDF

Author: Ms.Era Dabla-Norris

Publisher: International Monetary Fund

Published: 2015-09-28

Total Pages: 35

ISBN-13: 1513568922

DOWNLOAD EBOOK →

Countries in Latin America and the Caribbean (LAC) have made important strides in promoting financial inclusion of firms and households. However, while the region is broadly at par with its peers on financial inclusion of firms, household inclusion lags behind. Nonetheless, there is substantial heterogeneity across LAC countries. Reducing borrowing costs and strengthening further the regulatory environment, while taking steps to protect efficiency and stability of the financial system, could help close financial inclusion gaps. Reducing financial participation and monitoring costs and relaxing collateral constraints will help spur growth and reduce inequality though trade-offs are likely, as illustrated in the case of Guatemala, El Salvador, and Peru.

Fintech and Financial Inclusion in Latin America and the Caribbean

Fintech and Financial Inclusion in Latin America and the Caribbean PDF

Author: Mr. Dmitry Gershenson

Publisher: International Monetary Fund

Published: 2021-08-20

Total Pages: 77

ISBN-13: 1513592238

DOWNLOAD EBOOK →

Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.

Financial Development in Latin America and the Caribbean

Financial Development in Latin America and the Caribbean PDF

Author: Augusto de la Torre

Publisher: World Bank Publications

Published: 2011-11-30

Total Pages: 299

ISBN-13: 082138936X

DOWNLOAD EBOOK →

During the 1980s and 1990s, financial sectors were the Achilles heel of economic development in Latin America and the Caribbean (LAC). Since then, these sectors have grown and deepened, becoming more integrated and competitive, with new actors, markets, and instruments springing up and financial inclusion broadening. To crown these achievements, the region s financial systems were left largely unscathed by the global financial crisis of 2008 09. Now that the successes of LAC s macrofinancial stability are widely recognized and tested, it is high time for an in-depth stocktaking of what remains to be done. Financial Development in Latin America and the Caribbean: The Road Ahead provides both a stocktaking and a forward-looking assessment of the region s financial development. Rather than going into detail about sector-specific issues, the report focuses on the main architectural issues, overall perspectives, and interconnections. The report s value added thus hinges on its holistic view of the development process, its broad coverage of the financial services industry beyond banking, its emphasis on benchmarking, its systemic perspective, and its explicit effort to incorporate the lessons from the recent global financial crisis. Financial Development in Latin America and the Caribbean: The Road Ahead builds on and complements several overview studies on financial development in both LAC countries and the developing world that were published in the past decade. It will be of interest to policy makers and financial analysts interested in improving the financial sector in the LAC region.

Advancing Financial Development in Latin America and the Caribbean

Advancing Financial Development in Latin America and the Caribbean PDF

Author: Dyna Heng

Publisher: International Monetary Fund

Published: 2016-04-12

Total Pages: 32

ISBN-13: 1484326814

DOWNLOAD EBOOK →

This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the region compares favorably with other emerging market regions on this dimension. The region, however, continues to lag behind peers on broader financial development, especially with respect to markets, though there is substantial heterogeneity across countries. Financial systems in many LAC countries are also underdeveloped relative to their macroeconomic fundamentals. Further financial development could convey net benefits to the region, provided there is adequate regulatory oversight to prevent excesses.

Social Inclusion and Economic Development in Latin America

Social Inclusion and Economic Development in Latin America PDF

Author: Mayra Buvinić

Publisher: IDB

Published: 2004

Total Pages: 361

ISBN-13: 1931003653

DOWNLOAD EBOOK →

Poverty and inequality in Latin America are easily recognizable in the faces of women, Afro-descendents, the indigenous, people with disabilities, victims of HIV/AIDS, and other groups outside the societal mainstream. Social Inclusion and Economic Development in Latin America reviews the common features of these excluded populations, including their invisibility in official statistics and the stigma, discrimination, and disadvantages they have long endured. But it also examines the region's inclusionary policies and programs that can improve access by these groups to the quality social services and economic and political resources these groups need to level the playing field. Case studies examine ethnic and racial political organization, gender quotas, and labor markets across the region, and social exclusion in Brazil, Honduras, Guatemala, Mexico, and Peru. Comparative studies summarize social inclusion policies of both the European Union and selected countries on the Continent.

Globalization and Development

Globalization and Development PDF

Author: José Antonio Ocampo

Publisher: Stanford University Press

Published: 2003

Total Pages: 238

ISBN-13: 9780804749565

DOWNLOAD EBOOK →

Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].