Summary of Benefits of Global and Regional Financial Integration in Latin America

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Benefits of Global and Regional Financial Integration in Latin America summary
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Latin American countries, following a roller coaster of economic conditions in the 1980s and 1990s, began allowing global banks into their financial systems in 2000. But the international giants have been pulling out of these markets since the 2008 global crisis. According to this fresh perspective from economists Luc Eyraud, Diva Singh and Bennett Sutton, Latin American nations should seize the opportunity to strengthen their economies by creating regionally integrated financial infrastructures. getAbstract recommends this astute analysis to executives, investors and anyone interested in Latin America’s future.

In this summary, you will learn

  • What challenges Latin American financial systems face and
  • How financial integration can stimulate economic growth in the region.
 

About the Authors

Luc Eyraud, Diva Singh and Bennett Sutton are economists at the International Monetary Fund.

 

Summary

Around the turn of the 21st century, Latin American countries began welcoming into their economies global banks eager to do business in the region. In some cases, such as in Mexico and Uruguay, the big institutions came to dominate the local landscapes. The global banking behemoths brought investment...

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