This paper argues that the dominant policy paradigm on financial development is increasingly insufficient to address big emerging issues that are particularly relevant for financial systems in Latin America. This paradigm was shaped over the past decades by a fundamental shift in thinking toward market-based financial development and a complex process of financial crises interpretation. The result has been a richly textured policy paradigm focused...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2006/07/01
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Рабочий документ в рамках исследования вопросов политики
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WPS3963
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1
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1
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2010/07/01
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Disclosed
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Financial development in Latin America : big emerging issues, limited policy answers
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objectives and principles of securities regulation