Bøger af Augusto de la Torre

Interest in access to finance and awareness of its importance have increased significantly since the early 2000s. Growing evidence suggests that lack of access to credit prevents many households and firms from financing high?return investment projects, which has an adverse effect on growth and poverty alleviation.

"This insightful analysis of what went wrong in Latin America's capital markets since the 1990s is a must read for anyone interested in financial markets, international finance, or economic development. I learned an enormous amount from reading Emerging Capital Markets and Globalization and will recommend it highly to students and colleagues."--Ross Levine, Brown University

Focuses on the analytical, empirical, and policy dimensions of a basic stylized fact - that the development of local capital markets in most of Latin America has been quite poor relative to other emerging economies and to global trends. This work discusses the implications for the capital market reform agenda going forward.