Safe and sound financial systems

Should Latin American countries adopt the same regulatory and supervisory procedures and market structures as the industrial countries? Or should they consider alternative financial frameworks better suited to their very different economies? This is the basic but urgent question addressed by distinguished policymakers, academicians and market practitioners in Safe and Sound Financial Systems: What Works for Latin America? Contributors from Latin America and beyond exchange views, and on several important issues reach a consensus, about appropriate financial regulatory and supervisory standards, design of financial market institutions, and construction of efficient safety nets for banks and other financial institutions.