Financial Integration in Latin America

Policy Papers, March 4, 2016

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Financial Integration in Latin America

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Bibliographic details

• Published: March 4, 2016
• Series: Policy Papers

Summary

• Publication date: March 4, 2016
• Core observation: Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China’s growth.
• Regional context: Latin American countries were generally less affected by the global financial crisis (GFC) than other regions, but continue to suffer from the protracted sluggish growth in advanced economies.
• Financial sector development: Since 2008 there has been a withdrawal of global banks from the region, potentially worsening access to credit or reducing competition in the financial sector.
• External vulnerability: The GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s.
• Institutional note: The IMF eLibrary offers over 25,000 IMF publications in multiple formats.

Key findings and observations

• Growth drivers and shocks:
  • End of the commodity super-cycle and rebalancing of China’s growth are cited as main contributors to recent reductions in growth.
  • Protracted sluggish growth in advanced economies continues to weigh on the region.
• Financial integration and market structure:
  • Withdrawal of global banks since 2008 has implications for access to credit and competition within domestic financial sectors.
  • The GFC highlighted the prominence of external sources of extreme economic volatility for the region.
• Historical contrast:
  • The source contrasts recent externally driven volatility with earlier periods (the 1980s and 1990s) when volatility often originated internally.

Publication metadata and classification

• Format: Chicago
• Preview citation shown: Financial Integration in Latin America, (USA: International Monetary Fund, 0) accessed 8/23/2026
• Subjects: Access to capital markets; Bank supervision; Banks; Capital markets; Cross country analysis; Economic integration; Financial sector; Insurance; Latin America; Pension funds
• Access note: Download PDF available from the landing page.

Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/financial-integration-in-latin-america-pp5026

Content in this bundle

• Financial Integration in Latin America; IMF Policy paper; March 4, 2016
  • Financial Integration in Latin America; IMF Policy paper; March 4, 2016 (Markdown version)
  • Financial Integration in Latin America; IMF Policy paper; March 4, 2016 (PDF)