We carried out an analysis of fully-funded pension regimes based on individual accounts implemented since the 1980s in six Latin American countries (Argentina, Chile, Colombia, Mexico, Peru and Uruguay), in order to ascertain whether they were conducive to increasing aggregate savings and helped...

The authors argue that the impact of the world financial crisis on Latin America was buffered by lower external private and public debt exposure and better macroeconomic fundamentals, which reduced the negative effects of turbulences on financial systems. Nevertheless, negative effects soon...