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Regional Financial Cooperation by José Antonio Ocampo; United Nations. Economic Commission for Latin America and the Caribbean is a book available to read on EtoBox.

What is Regional Financial Cooperation about?

A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publicationUsing the experience of postwar Western Europe as a benchmark, José Antonio Ocampo and his colleagues assess how regional financial institutions can help developing countriesoften at a disadvantage within the global financial framework finance their investment needs, counteract the volatility of private capital flows, and make their voices heard.The 1997 Asian financial crisis generated extensive debate on the international financial architecture. Through this discussion, it became clear that services by financial institutions including adequate mechanisms for preventing and managing financial crises, and instruments for safeguarding global macroeconomic and financial stabilityare undersupplied. Furthermore, private international capital markets provide finance to developing countries in a way that effectively reduces the ability of those nations to undertake countercyclical macroeconomic policies. International capital markets ration out many developing countries, particularly the poorest, from private global capital markets.While these deficiencies in the financial arc

Author

José Antonio Ocampo; United Nations. Economic Commission for Latin America and the Caribbean

Publisher

[Santiago, Chile?]: United Nations Economic Commission for Latin America and the Caribbean ; Washington, D.C.: Brookings Institution Press

Published

2006

Language

EN

ISBN

9780815764182

Subjects

Business, Science, Economics