TY - BOOK ID - 85294485 TI - Benefits of Global and Regional Financial Integration in Latin America AU - Eyraud, Luc AU - Singh, Diva AU - Sutton, Ben PY - 2017 SN - 1475568878 1475568681 9781475568684 9781475568875 1475568835 PB - Washington, D.C. International Monetary Fund DB - UniCat KW - Latin America KW - Asociación Latinoamericana de Libre Comercio countries KW - Neotropical region KW - Neotropics KW - New World tropics KW - Spanish America KW - Economic integration. KW - Economic integration KW - E-books KW - Exports and Imports KW - Finance: General KW - Financial Risk Management KW - Globalization KW - International Investment KW - Long-term Capital Movements KW - Multinational Firms KW - International Business KW - Financial Aspects of Economic Integration KW - International Financial Markets KW - General Financial Markets: General (includes Measurement and Data) KW - Globalization: General KW - Financial Crises KW - Finance KW - International economics KW - Economic & financial crises & disasters KW - Financial integration KW - Regional integration KW - Financial crises KW - Emerging and frontier financial markets KW - Financial markets KW - International finance KW - International economic integration KW - Financial services industry KW - Chile UR - https://www.unicat.be/uniCat?func=search&query=sysid:85294485 AB - The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a significant missed opportunity. This paper examines the scope for further global and regional financial integration in Latin America, based on economic fundamentals and comparisons to other emerging regions, and quantifies the potential macroeconomic gains that such integration could bring. The analysis suggests that closing the financial integration gap could boost GDP growth be ¼ - ¾ percentage point in these countries, on average. ER -