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The Interactions between Macro and Micro Prudential Regulation: Some Reflections based on Latin America
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The Interactions between Macro and Micro Prudential Regulation: Some Reflections based on Latin America
Kiguel, 2009.
In the recent international financial crisis Latin America was, for a change, not the epicenter of the problems and the region managed to surf the waves unscathed as it did not suffer severe problems in the domestic banking systems, nor any type of financial crisis. Why was this time different: strong macroeconomic policies, sound regulation of the financial systems or simply good luck?
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