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dc.titleTransition to a Functional Financial Safety Net in Latin America
dc.contributor.authorGarber, Peter M.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageArgentina
dc.coverageMexico
dc.coverageBrazil
dc.coverageLatin America and the Caribbean
dc.date.available2011-02-04T00:00:00
dc.date.issue1996-09-16T00:00:00
dc.description.abstractThe basic worldwide financial safety net architecture provides for a system of similar institutions: a lender of last resort, deposit insurance, and prudential regulation. In countries whose banking systems suffer seriously from negative capital positions and overbanking, such as in some Latin American markets, the safety nets and the detailed mechanisms of their operation may not be functional in reducing excessive risk taking. They offer banks strong incentives to double their bets for survival. Thus, banks' negative capital positions have been eliminated with capital injection, liquidation, and mergers.
dc.format.extent29
dc.identifier.doihttp://dx.doi.org/10.18235/0011593
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Transition-to-a-Functional-Financial-Safety-Net-in-Latin-America.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Crisis and Structural Adjustement
dc.subjectPolicy Evaluation
dc.subjectFinancial Sector
dc.subject.keywordssafety net;negative capital;private deposit insurance;WP-339;developing secondary market
idb.identifier.pubnumberWorking Papers
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