This paper raises fundamental questions about how banks in Latin America ought to be supervised. The concentration of wealth holders in Latin America and the equity markets` resulting illiquidity permit investors who control banks to subvert the intent of capital requirements, even when the bank...

This paper raises fundamental questions about how banks in Latin America ought to be supervised. The concentration of wealth holders in Latin America and the equity markets' resulting illiquidity permit investors who control banks to subvert the intent of capital requirements, even when the bank...

Should Latin American countries adopt the same regulatory and supervisory procedures and market structures as industrial countries? Or should they consider alternative financial frameworks better suited to their very different economies? Policymakers, academics, and market practicioners exchange...