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International asymmetries and the design of the International Financial System
(ECLAC, 2001-04)
Abstract This paper argues that the design of the international financial system should take into consideration three different problems that the current system faces: financial market instability; basic macroeconomic ...
Liberalization or financial development?
(1994-12)
The Latin American countries' reorientation towards market economies and their efforts to open their economies up to the international market since the 1970s have given rise to various sorts of financial policies. This ...
Globalization of financial markets: implications for the Caribbean
(ECLAC, 1999-06-01)
Introduction Globalization can be defined in terms of the internationalization of production [Goode, 1998, p.125], or in terms of the internationalization of markets [Lloyd, 1998, p. 163]. The former recognizes the fact ...
Financial repression and the Latin American finance pattern
(1994-08)
This article presents a critique of the theory of financial repression, in place of which it offers an alternative approach to development financing, based mainly on the Keynesian tradition. The concept of financial ...