{
  "title": "Financial Integration in Latin America: A New Strategy for a New Normal",
  "publication": "Books, April 10, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094",
  "canonical": "https://www.imf.org/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094",
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  "summary": "With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to stimulate growth are needed.",
  "sections": [
    {
      "heading": "Context and Rationale",
      "content": "- Growth in much of Latin America is slowing due to:\n  - the end of the commodity supercycle,\n  - economic rebalancing in China,\n  - fragmentation of the international banking system.\n- These developments create a need for policies to stimulate growth."
    },
    {
      "heading": "Scope of the Study",
      "content": "- Examines the financial landscapes of seven Latin American economies:\n  - Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay.\n- Authors:\n  - Charles Enoch, Wouter Bossu, Carlos Caceres, Diva Singh.\n- Publication date: April 10, 2017.\n- Pages: 226.\n- DOI: https://doi.org/10.5089/9781513520247.071\n- ISBN: 9781513520247\n- Stock No: FILAEA"
    },
    {
      "heading": "Main Findings",
      "content": "- Regional financial integration offers benefits to the Latin American region.\n- Cross-border activity is limited by barriers across multiple financial sectors:\n  - Banks,\n  - Insurance companies,\n  - Pension funds,\n  - Capital markets.\n- Regional integration now could serve as a step toward global integration in the short term."
    },
    {
      "heading": "Barriers Identified",
      "content": "- Barriers to cross-border activity are present in:\n  - Banking systems,\n  - Insurance sectors,\n  - Pension fund operations,\n  - Capital market functioning.\n- Fragmentation of the international banking system compounds regional challenges."
    },
    {
      "heading": "Recommendations and Policy Directions",
      "content": "- Pursue policies to advance regional financial integration to stimulate growth.\n- Address identified barriers to cross-border activity in:\n  - banks,\n  - insurance companies,\n  - pension funds,\n  - capital markets.\n- Use regional integration as a pathway to eventual global integration in the short term."
    },
    {
      "heading": "Subjects and Keywords (as listed)",
      "content": "- Subjects: Banking, Economic integration, Expenditure, Financial institutions, Financial integration, Financial markets, Insurance, Insurance companies, Pension spending, Regional integration.\n- Keywords: Asia and Pacific, asset, asset growth, bank, BOOK, Central America, Europe, Financial integration, firm, Global, Insurance, Insurance companies, LA-7, Latin American economy, market, market liquidity, North America, pension fund assets, Pension spending, Regional integration, securities exchange.\n\nInternational Monetary Fund. Financial Integration in Latin America: A New Strategy for a New Normal. April 10, 2017. DOI: https://doi.org/10.5089/9781513520247.071\n\n---\n\n\nSource: https://www.imf.org/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094"
    }
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    "Authors: Charles Enoch, Wouter Bossu, Carlos Caceres, Diva Singh",
    "Published: April 10, 2017",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781513520247.071",
    "Growth in much of Latin America is slowing due to:",
    "These developments create a need for policies to stimulate growth.",
    "Examines the financial landscapes of seven Latin American economies:",
    "Authors:",
    "Publication date: April 10, 2017.",
    "Pages: 226.",
    "DOI: https://doi.org/10.5089/9781513520247.071",
    "ISBN: 9781513520247",
    "Stock No: FILAEA",
    "Regional financial integration offers benefits to the Latin American region.",
    "Cross-border activity is limited by barriers across multiple financial sectors:",
    "Regional integration now could serve as a step toward global integration in the short term.",
    "Barriers to cross-border activity are present in:",
    "Fragmentation of the international banking system compounds regional challenges.",
    "Pursue policies to advance regional financial integration to stimulate growth.",
    "Address identified barriers to cross-border activity in:",
    "Use regional integration as a pathway to eventual global integration in the short term.",
    "Subjects: Banking, Economic integration, Expenditure, Financial institutions, Financial integration, Financial markets, Insurance, Insurance companies, Pension spending, Regional integration.",
    "Keywords: Asia and Pacific, asset, asset growth, bank, BOOK, Central America, Europe, Financial integration, firm, Global, Insurance, Insurance companies, LA-7, Latin American economy, market, market liquidity, North America, pension fund assets, Pension spending, Regional integration, securities exchange."
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