Advancing Financial Development in Latin America and the Caribbean

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...

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Bibliographic Details
Main Author: Heng, Dyna
Other Authors: Ivanova, Anna, Mariscal, Rodrigo, Ramakrishnan, Uma
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Advancing Financial Development in Latin America and the Caribbean  |c Dyna Heng, Anna Ivanova, Rodrigo Mariscal, Uma Ramakrishnan, Joyce Wong 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 32 pages 
651 4 |a Costa Rica 
653 |a Income 
653 |a Stock exchanges 
653 |a Banks 
653 |a Finance 
653 |a Securities 
653 |a Banks and banking 
653 |a Personal income 
653 |a Saving and Capital Investment 
653 |a Mortgages 
653 |a Economic Development: Financial Markets 
653 |a National accounts 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Financial markets 
653 |a Financial Institutions and Services: General 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial sector development 
653 |a Depository Institutions 
653 |a Market capitalization 
653 |a Financial institutions 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Micro Finance Institutions 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Financial instruments 
653 |a Stock markets 
653 |a Banks and Banking 
653 |a Investments: General 
653 |a Financial Markets and the Macroeconomy 
653 |a Economic Growth and Aggregate Productivity: General 
653 |a Financial services industry 
653 |a Investment & securities 
653 |a Finance: General 
653 |a Corporate Finance and Governance 
700 1 |a Ivanova, Anna 
700 1 |a Mariscal, Rodrigo 
700 1 |a Ramakrishnan, Uma 
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520 |a 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