This text examines the evolution of international financial flows to Latin America since 1945, along with their implications for national development. It describes how, in each of the first 3 decades since the war, a new agency emerged which was willing to play a dynamic role in generating new financial flows to the region.

The financial crisis, which originated in developed country financial markets, has spread to developing countries and has turned into a global financial meltdown. Governments and Central Banks--though taking many and costly measures--seem powerless to stop the crisis. In light of this major global crisis that is hurting economies across the globe, this highly topical book focuses on the transparency and regulatory measures that become desirable after the current crisis; the implications of both the crisis and regulatory discussions for developing and developed economies; and reforms in the...