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Published in:
1996 | OriginalPaper | Chapter
The New Financial Regime in Latin America
Author : Raúl Fernández
Published in: The New Economic Model in Latin America and its Impact on Income Distribution and Poverty
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The aim of this chapter is to evaluate the effect of the new financial regime (NFR) in Latin America on wealth and income distribution. The NFR has emerged from the process of removing capital market distortions in connection with: (1) the policies of setting interest rates and credit allocation, and (2) the practices of financing large public deficits in the domestic capital markets.1