- Preface to Paperback Edition
- List of Figures
- List of Tables
- List of Abbreviations
- List of Contributors
- Banking an Overview
- The Roles of Banks in Financial Systems
- The Accelerating Integration of Banks and Markets and its Implications for Regulation
- Risk Management in Banking
- Liquidity Production in Twenty-first-century Banking
- Diversification in Banking
- Universal Banking
- The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness
- Central Banking
- The Role of Banks in the Transmission of Monetary Policy
- Lender of Last Resort and Bank Closure Policy
- Regulation and Supervision: An Ethical Perspective
- Deposit Insurance
- Risk-Based Regulatory Capital and Basel II
- Market Discipline in Bank Supervision
- Competition and Antitrust Policy in Banking
- World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-Country Analysis
- Efficiency in Banking: Theory, Practice, and Evidence
- Technological Change, Financial Innovation, and Diffusion in Banking
- Banking Globalization: International Consolidation and Mergers in Banking
- Small Business Lending
- Consumer Lending
- Residential Mortgages
- Securitization: Instruments and Implications
- Systemic Risk in Banking: An Update
- Banking Crises
- The Great Depression and Other ‘Contagious’ Events
- Payments Systems
- Finance and Economic Development: The Role of Government
- Banking and Real Economic Activity
- Banking in the United States
- Banking in the European Union
- Banking in Transition Countries
- Banking in Latin America
- Banking in Japan
- Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure
Abstract and Keywords
This article provides an overview of the recent consolidation of banking sectors in Latin America. It then considers the evolution of financial policy and how it has contributed toward the recent consolidation process. It investigates the effects of consolidation on banking sectors. As the subprime mortgage crisis exploded after this article was completed, and since so far its impact on the region has been relatively moderate, the article includes an epilogue discussing perspectives for the three major economies in the region: Argentina, Brazil, and Mexico.
Fernando J. Cardim De Carvalho is Professor of Economics at the Institute of Economics, Federal University of Rio de Janeiro (Brazil) and Director of the Money and Finance Study Group headquartered at the same university. A former chairman of the Brazilian Association of Graduate Schools in Economics (ANPEC), his research interests are Keynesian macroeconomics, international monetary economics, and financial systems.
Luiz Fernando De Paula is Associate Professor of Economics at the State University of Rio de Janeiro (Brazil) and CNPq Researcher. His research interests include banking efficiency, financial systems, Keynesian macroeconomics, and economic policies related to emerging countries.
Jonathan Williams is a Professor in Banking and Finance at Bangor University, where he is affiliated to the Centre of Banking and Finance and Institute of European Finance. His research interests focus on the effects that financial liberalization has had on the banking industry in both industrialized countries and emerging markets.
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