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- W41335401 abstract "The Latin America and Caribbean (LAC) region has been more prone to financial crises than other regions of the world (IADB (2004)). This is illustrated by the number of financial crises per country between 1973 and 2004, and the high recurrence of banking crises per country (see Table 2.1). Although banking crises are the ultimate manifestation of a financial system’s vulnerability, they have also revealed themselves in the region through limited, costly and volatile credit to the private sector. This vulnerability results from changes in the banking environment due in large measure to financial innovation and liberalisation. As a result, banking sectors in the region have faced a wide and complex range of new risks." @default.
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- W41335401 date "2007-01-01" @default.
- W41335401 modified "2023-09-26" @default.
- W41335401 title "Banks and the changing nature of risks in Latin America and the Caribbean" @default.
- W41335401 hasPublicationYear "2007" @default.
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