Financial Integration in the Pacific Alliance
This paper discusses financial integration issues in the Pacific Alliance. The Alliance seeks to attain free circulation of goods, services, capital and workers among its members (presently Chile, Colombia, Mexico and Peru) and strengthen their cooperation in several areas. Since it started, in 2011, it has made important advances with respect to these goals. We show here that there is already significant de facto financial integration, a considerable degree of harmonization of financial regulations and cooperation in supervision, and a bold attempt to partially integrate the four stock markets through MILA, though actual transactions through this mechanism still remain marginal. The paper concludes that there are potentially large short term and long term benefits for member countries in further integration of financial markets, especially of capital markets. After examining remaining challenges, it proposes an Agenda for Action for regulators that could eventually lead to full capital markets integration through a single stock market.
Main Author: | |
---|---|
Other Authors: | |
Format: | Monographs biblioteca |
Language: | English |
Published: |
Inter-American Development Bank
|
Subjects: | Regional Integration, Stock Exchange, Financial Regulation, Financial Bond, Insurance Company, Investment Fund, Trade Agreement, Pacific Alliance, F13 - Trade Policy • International Trade Organizations, F15 - Economic Integration F3 - International Finance, capital markets;bonds;pension funds;stock exchanges, |
Online Access: | http://dx.doi.org/10.18235/0012644 https://publications.iadb.org/en/financial-integration-pacific-alliance |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
dig-bid-node-12547 |
---|---|
record_format |
koha |
spelling |
dig-bid-node-125472024-05-30T21:11:45ZFinancial Integration in the Pacific Alliance 2016-09-26T00:00:00+0000 http://dx.doi.org/10.18235/0012644 https://publications.iadb.org/en/financial-integration-pacific-alliance Inter-American Development Bank Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges This paper discusses financial integration issues in the Pacific Alliance. The Alliance seeks to attain free circulation of goods, services, capital and workers among its members (presently Chile, Colombia, Mexico and Peru) and strengthen their cooperation in several areas. Since it started, in 2011, it has made important advances with respect to these goals. We show here that there is already significant de facto financial integration, a considerable degree of harmonization of financial regulations and cooperation in supervision, and a bold attempt to partially integrate the four stock markets through MILA, though actual transactions through this mechanism still remain marginal. The paper concludes that there are potentially large short term and long term benefits for member countries in further integration of financial markets, especially of capital markets. After examining remaining challenges, it proposes an Agenda for Action for regulators that could eventually lead to full capital markets integration through a single stock market. Inter-American Development Bank Guillermo Perry Diego Auvert Monographs application/pdf IDB Publications Colombia Chile Peru Mexico Latin America en |
institution |
BID |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-bid |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca Felipe Herrera del BID |
language |
English |
topic |
Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges |
spellingShingle |
Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges Inter-American Development Bank Financial Integration in the Pacific Alliance |
description |
This paper discusses financial integration issues in the Pacific Alliance. The Alliance seeks to attain free circulation of goods, services, capital and workers among its members (presently Chile, Colombia, Mexico and Peru) and strengthen their cooperation in several areas. Since it started, in 2011, it has made important advances with respect to these goals. We show here that there is already significant de facto financial integration, a considerable degree of harmonization of financial regulations and cooperation in supervision, and a bold attempt to partially integrate the four stock markets through MILA, though actual transactions through this mechanism still remain marginal. The paper concludes that there are potentially large short term and long term benefits for member countries in further integration of financial markets, especially of capital markets. After examining remaining challenges, it proposes an Agenda for Action for regulators that could eventually lead to full capital markets integration through a single stock market. |
author2 |
Guillermo Perry |
author_facet |
Guillermo Perry Inter-American Development Bank |
format |
Monographs |
topic_facet |
Regional Integration Stock Exchange Financial Regulation Financial Bond Insurance Company Investment Fund Trade Agreement Pacific Alliance F13 - Trade Policy • International Trade Organizations F15 - Economic Integration F3 - International Finance capital markets;bonds;pension funds;stock exchanges |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Financial Integration in the Pacific Alliance |
title_short |
Financial Integration in the Pacific Alliance |
title_full |
Financial Integration in the Pacific Alliance |
title_fullStr |
Financial Integration in the Pacific Alliance |
title_full_unstemmed |
Financial Integration in the Pacific Alliance |
title_sort |
financial integration in the pacific alliance |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0012644 https://publications.iadb.org/en/financial-integration-pacific-alliance |
work_keys_str_mv |
AT interamericandevelopmentbank financialintegrationinthepacificalliance |
_version_ |
1809107344171204608 |