00948nam a2200109Ia 4500 Fitzgerald, E.V. Financial integration : the European experience and lessons for Latin America 1997 Examines the progress made since 1985 in creating a Single European Market in financial services. Draws two central lessons for Latin America from the European experience: first, that the contracting parties should collectively decide upon clear stategic objectives for financial-services integration, including economic development and global competitivenenss on the one hand and on the other the relationship with its and other international regulation authorities; and second, that effective implementation will require parallel fiscal and banking reforms, a commitment to macroeconomic and monetary coordination, and specific support for the less-developed member countries. 8/16/01 JOY_D A 23695 23695 0 0 0 0 CRCM CRCM 2023-05-04 0 0000000017709 2023-05-04 00:00:00 2023-05-04 A