Banking Crises in Latin America: Experience and Issues
20 Pages Posted: 20 Apr 2011
Date Written: February 1996
Abstract
This paper argues that the experiences with banking crises in Latin America have been different from those in the industrial world because of the peculiarities of Latin American financial systems. Hence, applying the lessons derived from crisis resolution in the industrial world is not sufficient to deal with banking problems in the region. It must be augmented by the unique experiences of Latin American regulators if future crises in the region are to be managed or avoided.
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