Long gone are the days of default and hyperinflation. Today,
the pressing challenge facing Latin America’s
governments, financial regulators and central banks is no
longer recovering from crisis, but managing prosperity.
As problems go, it’s not a bad one to have. But
this does not diminish the task at hand: the scale of what the
region’s financial leaders must confront is
As national incomes rise, small savings that were once
squirreled away are becoming ever larger. Latin governments now
sit on considerable wealth in central banks, sovereign wealth
funds and institutional savings. In the private sector,
retirement savings are many times what they were just a decade
Those that administer the funds –...
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