Finance for development: issues and trends -- Finance within a new development model in Latin America -- Latin America's financial sector today: stylized facts -- Substantive and methodological contributions -- Overview of the book --Changes in Latin America's financial system since 1990: comparisons with East Asia -- Financial liberalization, crisis, and the aftermath -- Financial liberalization: literature and hypotheses -- Financial liberalization: empirical trends -- Financial liberalization and crisis -- Rescue programs: costs and outcomes -- Conclusions -- Changes in ownership: public, private, and foreign banks -- Bank ownership and institutional environment: literature and hypotheses -- Trends in bank ownership -- Ownership and performance -- Ownership, institutions, and performance -- Conclusions -- Toward stability: regulation, supervision, and the macroeconomic context -- Regulation and supervision: literature and hypotheses -- Regulation and supervision: the state of the art -- Regulation, supervision, and financial performance -- Conclusions -- From banks to capital markets: new sources of finance -- Capital market performance: literature and hypotheses -- Comparing financial market trends across regions -- Analysis of financial market trends -- Conclusions -- The impact of the new financial system on investment and access in Latin America -- Chile: mixed ownership provides a new model -- Liberalization, crisis, and response -- Changes in structure -- Finance, investment, and growth -- Access to finance for small firms -- Conclusions -- Mexico: foreign banks assume control -- Liberalization, crises, and response -- Changes in structure -- Finance, investment, and growth -- Access to finance for small firms -- Conclusions -- Brazil: public banks continue to play a key role -- Liberalization, crises, and response -- Changes in structure -- Finance, investment, and growth -- Access to credit by small firms -- Conclusions -- Policy recommendations for a stronger financial system -- A policy agenda for the financial sector -- Banks and capital markets since 1990 -- Toward a policy agenda on finance -- Final comments.
