Journal of Economic Literature
Book Reviews
2026-09-01
Claudio E. Raddatz of World Bank reviews “Bond Markets in Latin America: On the Verge of a Big Bang?” by Eduardo Borensztein, Kevin Cowan, Barry Eichengreen, Ugo Panizza,. The EconLit Abstract of the reviewed work begins “Nine papers examine the importance of local bond market development in Latin America through case studies of six countries, surveys of firms and investors, and a cross-country economic analysis of the determinants of bond market development. Papers discuss building bond markets in Latin America; how emerging market economies can benefit from a corporate bond market; development of the Mexican bond market; corporate bond markets in Argentina; development of Colombian bond markets; development of the Chilean corporate bond market; development of the Brazilian bond market; the fixed-income market in Uruguay; and prospects for Latin American bond markets--a cross-country view. Borensztein is Advisor in the Research Department of the International Monetary Fund. Cowan is Senior Economist in the Financial Stability Division of the Central Bank of Chile. Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. Panizza is Chief of the Debt and Finance Analysis Unit in the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development. Index.”