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2011 Updated Reprint. Updated Annually. Venezuela Banking & Financial Market Handbook
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This book extracts the main lessons and experiences of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), describing trends in payments and securities settlement systems worldwide and assessing Latin American and Caribbean systems in relation to international standards and best practices.--[book cover].
Local capital market development responds to the need to reduce the risk of financial crises that result from an excessive reliance on external borrowing -- for example, to avoid foreign exchange risk, reduce contagion, and decrease short-term external borrowing. In fact, as financial crises dwarf the role of financial intermediation, the problems of asymmetric information become even more severe, leading to greater public mistrust of financial institutions. The contributors in Focus on Capital tackle various aspects of developing Latin American capital markets. Macroeconomic and structural policies, accounting practices and standards, bond market development, market infrastructure, derivati...
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El conjunto de trabajos de este volumen revela el nivel alcanzado por el fenómeno de las drogas en el mundo andino, así como su significado en términos de las relaciones de Brasil, Estados Unidos y la Unión Europea con el área. Todos los ensayos indican la complejidad del fenómeno, los magros resultados de las políticas antidrogas y las frustraciones que ha producido la perpetuación de una estrategia antinarcóticos decididamente coactiva: “La guerra contra las drogas”. El presente libro comprueba que este paradigma prohibicionista debe reevaluarse.