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dc.titleBuilding Stability in Latin American Financial Markets
dc.contributor.authorRojas-Suárez, Liliana
dc.contributor.authorWeisbrod, Steven R.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageThe Caribbean
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-01-14T00:00:00
dc.date.issue1996-02-01T00:00:00
dc.description.abstractThis paper argues that the investor reluctance to make long-term commitments to Latin American financial markets results from experience. In the 1980s, while ex ante real interest rates on Latin American financial assets were usually high, ex-post real interest rates were often highly negative. In the 1990s, policymakers instituted stabilization programs and structural reforms that have improved the environment in which financial markets operate. Based on a review of experiences in the region, this paper shows that, when these opportunities are taken, investor confidence in long-term markets is strengthened.
dc.identifier.doihttp://dx.doi.org/10.18235/0011542
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Building-Stability-in-Latin-American-Financial-Markets.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Market
dc.subject.keywordsWP-320
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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