## Financial Integration in Latin America

_Policy Papers, March 4, 2016_

## Source details

**Canonical URL:** [Financial Integration in Latin America](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/financial-integration-in-latin-america-pp5026)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/financial-integration-in-latin-america-pp5026/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/financial-integration-in-latin-america-pp5026/index.json)
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## Bibliographic details
- Published: March 4, 2016
- Series: Policy Papers

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### 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*

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## 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)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_030416.pdf.md){rel="alternate" type="text/markdown"}
  - [Financial Integration in Latin America; IMF Policy paper; March 4, 2016 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_030416.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/financial-integration-in-latin-america-pp5026_