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Policy-Based Finance and Market Alternatives: East Asian Lessons for Latin America and the Caribbean

Author

Listed:
  • Iglesias, Augusto
  • Vittas, Dimitri
  • Stone, Bernel
  • Cho, Yoon Je
  • Staking, Kim B.
  • Shibata, Tsutomu
  • Kruse, Douglas
  • Vives, Antonio
  • Allen, Franklin
  • Montenegro, Armando
  • Santomero, Anthony

Abstract

This book contains a selection of the major presentations from the conference: "Policy-Based Finance and Alternatives for Financial Market Development" held in Rio de Janeiro, Brazil in early 1996. It explores the generally successful East Asian experiences with policy-based finance and contrasts these with the less successful, directed credit programs undertaken by Latin American and Caribbean governments in their attempts to support specific sectors of their respective economies. This volume extracts universal lessons that are applicable to emerging markets and applies them to the market approach underway in most of the countries in Latin America and the Caribbean.

Suggested Citation

  • Iglesias, Augusto & Vittas, Dimitri & Stone, Bernel & Cho, Yoon Je & Staking, Kim B. & Shibata, Tsutomu & Kruse, Douglas & Vives, Antonio & Allen, Franklin & Montenegro, Armando & Santomero, Anthony, 1997. "Policy-Based Finance and Market Alternatives: East Asian Lessons for Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 316, November.
    • Handle: RePEc:idb:idbbks:316
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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E & Uy, Marilou, 1996. "Financial Markets, Public Policy, and the East Asian Miracle," The World Bank Research Observer, World Bank, vol. 11(2), pages 249-276, August.
    2. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    3. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    4. Vittas, Dimitri & Cho, Yoon Je, 1996. "Credit Policies: Lessons from Japan and Korea," The World Bank Research Observer, World Bank, vol. 11(2), pages 277-298, August.
    5. Santomero, Anthony M., 1989. "The changing structure of financial institutions: a review essay," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 321-328, September.
    Full references (including those not matched with items on IDEAS)

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