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Title:Financial regulation and supervision in emerging markets: The experience of Latin America since the Tequila Crisis PDF Logo
Authors:Stallings, Barbara
Studart, Rogerio
Issue Date:2002
Series/Report no.:WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/45
Abstract:The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the ‘Tequila Crisis’ of 1994–95. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are essential complements. This is especially true because of the procyclical nature of financial activity. The paper presents both regional data for Latin America, contrasting it with other emerging markets, and four country case studies (Argentina, Brazil, Chile, and Mexico). The latter show how individual country characteristics and experiences affect the operation of the financial systems. We close with some policy recommendations. – regulation ; banking ; Latin America
Document Type:Working Paper
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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