1.

Record Nr.

UNINA9910162944803321

Autore

Eyraud Luc

Titolo

Benefits of Global and Regional Financial Integration in Latin America / / Luc Eyraud, Diva Singh, Bennett Sutton

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2017

ISBN

1-4755-6887-8

Descrizione fisica

1 online resource (33 pages) : illustrations (some color), graphs, tables

Collana

IMF Working Papers

Altri autori (Persone)

SinghDiva

SuttonBennett

Disciplina

337.18

Soggetti

Exports and Imports

Finance: General

Financial Risk Management

Globalization

International Investment

Long-term Capital Movements

Multinational Firms

International Business

Financial Aspects of Economic Integration

International Financial Markets

General Financial Markets: General (includes Measurement and Data)

Globalization: General

Financial Crises

Finance

International economics

Economic & financial crises & disasters

Financial integration

Regional integration

Financial crises

Emerging and frontier financial markets

Financial markets

Economic integration

International finance

International economic integration

Financial services industry

Latin America Economic integration

Latin America Economic integration 21st century

Chile



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

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.