Benefits of Global and Regional Financial Integration in Latin America

Author: Mr. Luc Eyraud, Ms. Diva Singh, and Mr. Bennett W Sutton

Volume/Issue: Volume 2017 Issue 001

Publication date: January 2017

ISBN: 9781475568684

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , WP , composite index , market participant , financial activity , branch market , BIS bank lending , closed economy , GDP ratio , market infrastructure , Latin America , Financial integration , Growth , investment profile subcomponent , Regional integration , Emerging and frontier financial markets , Global , Europe , Asia and Pacific

Also of interest

Private Participation and its Discontents: Insights from Large-Scale Surveys

Public Investment Management Bottlenecks in Low-income Countries

Central Bank Digital Currencies and Financial Stability: Balance Sheet Analys...

Demand for Ethanol Considering Spatially Differentiated Fuel Retailers

Summary

The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a significant missed opportunity. This paper examines the scope for further global and regional financial integration in Latin America, based on economic fundamentals and comparisons to other emerging regions, and quantifies the potential macroeconomic gains that such integration could bring. The analysis suggests that closing the financial integration gap could boost GDP growth be ¼ - ¾ percentage point in these countries, on average.