Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC)

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC) by Robert Mr. Rennhack, INTERNATIONAL MONETARY FUND
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Author: Robert Mr. Rennhack ISBN: 9781452782614
Publisher: INTERNATIONAL MONETARY FUND Publication: July 21, 2009
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Robert Mr. Rennhack
ISBN: 9781452782614
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 21, 2009
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region’s financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.

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The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region’s financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.

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