Development Centre Seminars

OECD Development Centre

2074-3750 (online)
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This series of publications presents the proceedings of conferences and seminars on various development issues held by the OECD Development Centre, often in co-operation with other organisations.
Also available in French
Global Finance from a Latin American Viewpoint

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OECD Development Centre

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09 Mar 2000
9789264181090 (PDF) ;9789264176478(print)

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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.

Also available in French
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Table of Contents

-Preface by Jorge Braga de Macedo and Enrique V. Iglesias
-Overview by Helmut Reisen
Part One: International Financial Markets and Latin America
What's Wrong with International Financial Markets by Eduardo Fernandez-Arias and Ricardo Hausmann
-The Paris Club and the Private Sector by Philippe de Fontaine Vive
-Getting it Right: What to Reform in International Financial Markets by Eduardo Fernandez-Arias and Ricardo Hausmann
-Revisions to the Basel Accord and Sovereign Ratings by Helmut Reisen
-Exhchange Rate Arrangements for the New Architecture by Ricardo Hausmann
Part II: National and International Responses
Coordination for Stability by Ernesto Acevedo
-The Complimentarity of National and International Reform by Marcos Caramuru de Paiva
-Global Finance from a Latin American Viewpoint by Pablo Guidotti
-Financial Globalisation Seen from Europe and from France by Jean Lemierre
-Global Finance from a European Standpoint by Vittorio Grilli
-Excessive Short-Term Flows by Klaus Regling
-Post-Crisis Reconstruction: The National Dimension by Ignazio Visco
List of Authors and Participants

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