Is Latin America financially prepared against an international crisis?

Despite having solid cushions to protect them, Latin American financial and banking systems have several weaknesses: Banks lend little and charge a lot for their services to consumers; long-term financing for homes and businesses is problematic; mortgage loans are out of reach for most citizens; and capital markets --which drive worth in developed societies-- suffer from a lack of liquidity.

These are some of the findings of the flagship research report Financial Development in Latin America and the Caribbean: the Road Ahead, which analyzes the evolution of financial systems in Latin America and focuses on the region's capacity for maneuverability to regulate financial systems --in light of the lessons learned from the global crisis.
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