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Article: Brazil maintains lead in LatAm listing.
- Article from:
- The Banker
- Article date:
- November 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Silvia Pavoni
Immunity from the global economic crash and financial markets collapse can not be granted to any region of the world, but some seem to have withstood the impact better than others. Latin America has been implementing tight fiscal policies and has built significant levels of international reserves as a result of higher commodity prices.
Furthermore, some of its local banking systems have matured over the past few years. Latin America's own crisis of the mid-1990s saw regulators taking bold steps and, as a result, they were prepared for the much more virulent global financial crash of last year.
It should not come as a ...