Publication:
The Changing Patterns of Financial Integration in Latin America

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dc.contributor.authorMoretti, Matias
dc.contributor.authorDidier, Tatiana
dc.contributor.authorSchmukler, Sergio L.
dc.date.accessioned2015-02-13T19:22:03Z
dc.date.available2015-02-13T19:22:03Z
dc.date.issued2015-02
dc.description.abstractThis paper describes how Latin America and the Caribbean has been integrating financially with countries in the North and South since the 2000s. The paper shows that the region is increasingly more connected with the rest of the world, even relative to gross domestic product. The region's connections with South countries have been growing faster than with North countries, especially during the second half of the 2000s. Nevertheless, North countries continue to be the region's principal source and receiver of flows. The changes reflect significant increases in portfolio investments, syndicated loans, and mergers and acquisitions. Growth of greenfield investments has been more subdued after the initial high level. Greenfield investments in the region have been in sectors in which the source country has a comparative advantage, not where the receiver country has an advantage. Mergers and acquisitions have been in sectors in which the receiver country has a comparative advantage.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/02/23962800/changing-patterns-financial-integration-latin-america
dc.identifier.doi10.1596/1813-9450-7190
dc.identifier.urihttps://hdl.handle.net/10986/21452
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7190
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTS RECEIVABLES
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAGGREGATE TRADE
dc.subjectALLOCATION OF CAPITAL
dc.subjectASSET HOLDINGS
dc.subjectASSET PRICES
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK LENDING
dc.subjectBANK POLICY
dc.subjectBENCHMARK
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCENTRAL BANKS
dc.subjectCOMMON LEGAL ORIGIN
dc.subjectCONNECTIVITY
dc.subjectCOUNTRY DUMMIES
dc.subjectCREDIT UNIONS
dc.subjectCROSS-BORDER CAPITAL
dc.subjectCROSS-BORDER FLOWS
dc.subjectCROSS-BORDER INVESTMENT
dc.subjectCROSS-BORDER INVESTMENTS
dc.subjectCROSS-BORDER SECURITIES
dc.subjectCROSS-BORDER TRANSACTIONS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT CONTRACTS
dc.subjectDEBT SECURITIES
dc.subjectDEPENDENT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIRECT INVESTMENTS
dc.subjectDIVERSIFIED MUTUAL FUNDS
dc.subjectDOMESTIC MARKETS
dc.subjectEQUIPMENT
dc.subjectEQUITY CONTRACTS
dc.subjectEXCHANGE RATES
dc.subjectFINANCIAL ACCOUNT
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INFLOWS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL NETWORK
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFINANCIERS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN PORTFOLIO
dc.subjectFOREIGN SECURITIES
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL DEVELOPMENT FINANCE
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCE
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGLOBALIZATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectINCREASE IN FLOWS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DIVERSIFICATION
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL INVESTMENTS
dc.subjectINTERNATIONAL MUTUAL FUNDS
dc.subjectINTERNATIONAL RESERVE
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT CATEGORY
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT PATTERNS
dc.subjectINVESTMENT SECURITIES
dc.subjectLENDING DECISIONS
dc.subjectLEVY
dc.subjectLOAN
dc.subjectMARGIN ACCOUNTS
dc.subjectMERGERS
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FUND
dc.subjectMUTUAL FUNDS
dc.subjectNATURAL RESOURCES
dc.subjectNET CAPITAL
dc.subjectNUMBER OF BANKS
dc.subjectOFFSHORE CENTERS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO HOLDINGS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPRICE CHANGES
dc.subjectREAL ECONOMIC ACTIVITY
dc.subjectRECEIVER
dc.subjectRECEIVERS
dc.subjectRECIPIENT COUNTRIES
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectSAVINGS
dc.subjectSECURITIES TRANSACTIONS
dc.subjectSMALL COUNTRIES
dc.subjectSOVEREIGN DEBT
dc.subjectSTOCK HOLDINGS
dc.subjectSTOCKS
dc.subjectTERM DEPOSITS
dc.subjectTRADE CREDITS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS ACROSS BORDERS
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectTYPES OF CONTRACTS
dc.subjectVOLATILITY
dc.titleThe Changing Patterns of Financial Integration in Latin Americaen
dspace.entity.typePublication
okr.crossref.titleThe Changing Patterns of Financial Integration in Latin America
okr.date.doiregistration2025-04-10T10:27:04.371051Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/02/23962800/changing-patterns-financial-integration-latin-america
okr.globalpracticeFinance and Markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid358291468272087617
okr.identifier.doi10.1596/1813-9450-7190
okr.identifier.externaldocumentum000158349_20150205133902
okr.identifier.internaldocumentum23962800
okr.identifier.reportWPS7190
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/02/05/000158349_20150205133902/Rendered/PDF/WPS7190.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitMacroeconomics and Growth Team, Development Research Group; and the Office of the Chief Economist, Latin America and the Caribbean Region
relation.isAuthorOfPublicatione8bf256b-feec-5fd2-9021-2f34752b8f1e
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relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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