Reflections on development financing

This article sets forth some reflections on the position of the region's countries and the different segments of their domestic financial structures in the international financial system. In the light of the financial globalization taking place in Latin America, it considers the circumstances o...

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Autor principal: Frenkel, Roberto
Formato: Texto
Lenguaje:English
Publicado: 2014
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Acceso en línea:http://hdl.handle.net/11362/10816
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spelling oai-11362-108162020-03-04T19:57:23Z Reflections on development financing Frenkel, Roberto AHORROS ASISTENCIA FINANCIERA CRECIMIENTO ECONOMICO LIBERALIZACION DE MERCADOS FINANCIEROS ECONOMIC GROWTH FINANCIAL ASSISTANCE FINANCIAL LIBERALIZATION SAVINGS This article sets forth some reflections on the position of the region's countries and the different segments of their domestic financial structures in the international financial system. In the light of the financial globalization taking place in Latin America, it considers the circumstances of the largest countries in the region, looking beyond the stylized arguments of conventional wisdom to analyse different factors influencing the financial situation: sovereignty risk, financial globalization, the degree of financial integration, the cost of capital and the burden of country risk premiums, the link between sovereign risk and fiscal solvency and the consequences of segmented integration. Consideration is then given to courses of action that could reduce country risk. In addition, the role of the different institutional sectors in generating savings is analysed, and the main trends of financial intermediation in the region are considered: banking concentration, the increased involvement of foreign organizations and the role of the public-sector banking system in the circumstances that now prevail. 2014-01-02T18:42:49Z 2014-01-02T18:42:49Z 2001-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/10816 LC/G.2135-P en CEPAL Review CEPAL Review 74 application/pdf AMERICA LATINA LATIN AMERICA
institution Cepal
collection Cepal
language English
topic AHORROS
ASISTENCIA FINANCIERA
CRECIMIENTO ECONOMICO
LIBERALIZACION DE MERCADOS FINANCIEROS
ECONOMIC GROWTH
FINANCIAL ASSISTANCE
FINANCIAL LIBERALIZATION
SAVINGS
spellingShingle AHORROS
ASISTENCIA FINANCIERA
CRECIMIENTO ECONOMICO
LIBERALIZACION DE MERCADOS FINANCIEROS
ECONOMIC GROWTH
FINANCIAL ASSISTANCE
FINANCIAL LIBERALIZATION
SAVINGS
Frenkel, Roberto
Reflections on development financing
description This article sets forth some reflections on the position of the region's countries and the different segments of their domestic financial structures in the international financial system. In the light of the financial globalization taking place in Latin America, it considers the circumstances of the largest countries in the region, looking beyond the stylized arguments of conventional wisdom to analyse different factors influencing the financial situation: sovereignty risk, financial globalization, the degree of financial integration, the cost of capital and the burden of country risk premiums, the link between sovereign risk and fiscal solvency and the consequences of segmented integration. Consideration is then given to courses of action that could reduce country risk. In addition, the role of the different institutional sectors in generating savings is analysed, and the main trends of financial intermediation in the region are considered: banking concentration, the increased involvement of foreign organizations and the role of the public-sector banking system in the circumstances that now prevail.
format Texto
author Frenkel, Roberto
author_facet Frenkel, Roberto
author_sort Frenkel, Roberto
title Reflections on development financing
title_short Reflections on development financing
title_full Reflections on development financing
title_fullStr Reflections on development financing
title_full_unstemmed Reflections on development financing
title_sort reflections on development financing
publishDate 2014
url http://hdl.handle.net/11362/10816
work_keys_str_mv AT frenkelroberto reflectionsondevelopmentfinancing
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