Finance for development: issues and trends
Finance within a new development model in Latin America
Latin America's financial sector today: stylized facts
Substantive and methodological contributions
Overview of the book
Changes in Latin America's financial system since 1990: comparisons with East Asia
Financial liberalization, crisis, and the aftermath
Financial liberalization: literature and hypotheses
Financial liberalization: empirical trends
Financial liberalization and crisis
Rescue programs: costs and outcomes
Conclusions
Changes in ownership: public, private, and foreign banks
Bank ownership and institutional environment: literature and hypotheses
Trends in bank ownership
Ownership and performance
Ownership, institutions, and performance
Conclusions
Toward stability: regulation, supervision, and the macroeconomic context
Regulation and supervision: literature and hypotheses
Regulation and supervision: the state of the art
Regulation, supervision, and financial performance
Conclusions
From banks to capital markets: new sources of finance
Capital market performance: literature and hypotheses
Comparing financial market trends across regions
Analysis of financial market trends
Conclusions
The impact of the new financial system on investment and access in Latin America
Chile: mixed ownership provides a new model
Liberalization, crisis, and response
Changes in structure
Finance, investment, and growth
Access to finance for small firms
Conclusions
Mexico: foreign banks assume control
Liberalization, crises, and response
Changes in structure
Finance, investment, and growth
Access to finance for small firms
Conclusions
Brazil: public banks continue to play a key role
Liberalization, crises, and response
Changes in structure
Finance, investment, and growth
Access to credit by small firms
Conclusions
Policy recommendations for a stronger financial system
A policy agenda for the financial sector
Banks and capital markets since 1990
Toward a policy agenda on finance
Final comments.