Global Finance from a Latin American Viewpoint [electronic resource] /
Organisation for Economic Co-operation and Development.
Hausmann, Ricardo.
Hiemenz, Ulrich.
Inter-American Development Bank.
International Forum on Latin American Perspectives(10th :1999 :Paris, France)
Paris : OECD Publishing,
2000.
The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of the Forum was held in Paris in November 1999 and this book contains contributions from that meeting. Its broad conclusion is that reform of the international financial system must take place in the context of partnership between the private and the public international sectors in order to provide the conditions for stability and growth. The Forum debated whether the current reforms of the global financial markets were succeeding in identifying and addressing major distortions to international capital flows between developed and developing countries, essentially, the moral hazard versus sovereign risk question. Particular attention was devoted to: bailing the private sector into crisis prevention and resolution, including under the Paris Club framework; the recently proposed revisions to the Basel Accord on bank capital requirements; and the appropriate exchange rate regime in Latin America.
Description based upon print version of record.
CONTENTS; Preface; Jorge Braga de Macedo and Enrique V. Iglesias; Overview; Helmut Reisen; PART ONE: INTERNATIONAL FINANCIAL MARKETS AND LATIN AMERICA; What's Wrong with International Financial Markets?; Eduardo Fernández-Arias and Ricardo Hausmann; The Paris Club and the Private Sector; Philippe de Fontaine Vive; Getting It Right: What to Reform in International Financial Markets; Eduardo Fernández-Arias and Ricardo Hausmann; Revisions to the Basel Accord and Sovereign Ratings; Helmut Reisen; Exchange Rate Arrangements for the New Architecture; Ricardo Hausmann
PART TWO: NATIONAL AND INTERNATIONAL RESPONSESCo-ordination for Stability; Ernesto Acevedo; The Complementarity of National and International Reform; Marcos Caramuru de Paiva; Global Finance from a Latin American Viewpoint; Pablo Guidotti; Financial Globalisation Seen from Europe and from France; Jean Lemierre; Global Finance from a European Viewpoint; Vittorio Grilli; Excessive Short-term Flows; Klaus Regling; Post-crisis Reconstruction: the National Dimension; Ignazio Visco; Programme; List of Authors and Participants
The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of the Forum was held in Paris in November 1999 and this book contains contributions from that meeting. Its broad conclusion is that reform of the international financial system must take place in the context of partnership between the private and the public international sectors in order to provide the conditions for stability and growth. The Forum debated whether the current reforms of the global financial markets were succeeding in identifying and addressing major distortions to international capital flows between developed and developing countries, essentially, the moral hazard versus sovereign risk question. Particular attention was devoted to: bailing the private sector into crisis prevention and resolution, including under the Paris Club framework; the recently proposed revisions to the Basel Accord on bank capital requirements; and the appropriate exchange rate regime in Latin America.
International finance.
Development Centre Seminars