## Financial Integration in Latin America: A New Strategy for a New Normal

_Books, April 10, 2017_

## Source details

**Canonical URL:** [Financial Integration in Latin America: A New Strategy for a New Normal](https://www.imf.org/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094)

## Other formats

- [Markdown version](/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094/index.md)
- [Structured JSON version](/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094/index.json)
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## Bibliographic details
- Authors: Charles Enoch, Wouter Bossu, Carlos Caceres, Diva Singh
- Published: April 10, 2017
- Series: Books
- DOI: https://doi.org/10.5089/9781513520247.071

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### Context and Rationale
- Growth in much of Latin America is slowing due to:
  - the end of the commodity supercycle,
  - economic rebalancing in China,
  - fragmentation of the international banking system.
- These developments create a need for policies to stimulate growth.

### Scope of the Study
- Examines the financial landscapes of seven Latin American economies:
  - Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay.
- Authors:
  - Charles Enoch, Wouter Bossu, Carlos Caceres, Diva Singh.
- Publication date: April 10, 2017.
- Pages: 226.
- DOI: https://doi.org/10.5089/9781513520247.071
- ISBN: 9781513520247
- Stock No: FILAEA

### Main Findings
- Regional financial integration offers benefits to the Latin American region.
- Cross-border activity is limited by barriers across multiple financial sectors:
  - Banks,
  - Insurance companies,
  - Pension funds,
  - Capital markets.
- Regional integration now could serve as a step toward global integration in the short term.

### Barriers Identified
- Barriers to cross-border activity are present in:
  - Banking systems,
  - Insurance sectors,
  - Pension fund operations,
  - Capital market functioning.
- Fragmentation of the international banking system compounds regional challenges.

### Recommendations and Policy Directions
- Pursue policies to advance regional financial integration to stimulate growth.
- Address identified barriers to cross-border activity in:
  - banks,
  - insurance companies,
  - pension funds,
  - capital markets.
- Use regional integration as a pathway to eventual global integration in the short term.

### Subjects and Keywords (as listed)
- 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.

*International 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*

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_Source: https://www.imf.org/en/publications/books/issues/2017/06/02/financial-integration-in-latin-america-a-new-strategy-for-a-new-normal-44094_