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Less volatile growth? The role of regional financial institutions

By:

Machinea, José Luis

Material type: Text

TextPublication details: 2007Action note:

9/9/09 JOYD

Summary: Discusses the role that could be played by regional financial institutions in coping with external shocks in the Latin American context. Notes that these institutions need to be seen as supplementing global institutions rather tha replacing them. Focuses on the potential for extending the geographical coverage of the Latin American Reserve Fund (FLAR). Discusses the need to stimulate the development of financial markets for government securities with characteristics that make contingencies easier to cope with.\n

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Discusses the role that could be played by regional financial institutions in coping with external shocks in the Latin American context. Notes that these institutions need to be seen as supplementing global institutions rather tha replacing them. Focuses on the potential for extending the geographical coverage of the Latin American Reserve Fund (FLAR). Discusses the need to stimulate the development of financial markets for government securities with characteristics that make contingencies easier to cope with.\n

9/9/09 JOYD

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