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on Central and South America |
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Issue of 2013‒08‒23
two papers chosen by |
| By: | Degryse, Hans; Elahi, Muhammad Ather; Penas, María Fabiana |
| Abstract: | We study the role of regional banking system characteristics for regional banking system fragility in Asia, Europe, Latin America and the US. We find that regional banking system fragility reduces when banks in the region jointly hold more liquid assets, are better capitalized, and when regional banking systems are more competitive. For Asia and Latin-America, a greater presence of foreign banks and more wholesale funded banks also reduces regional banking fragility. In contrast, regional banking fragility increases in foreign bank presence and wholesale funding in the US. We further investigate the possibility of contagion across regions. We find that the contagion effects of Europe and the US on Asia and Latin America are significantly higher compared to the effect of Asia and Latin America among themselves. Finally, the impact of cross-regional contagion is attenuated when the host region has a more liquid and more capitalized banking sector. JEL Classification: G15, G20, G29 |
| Keywords: | Banking system stability, cross-regional contagion, financial integration |
| Date: | 2013–07 |
| URL: | http://d.repec.org/n?u=RePEc:ecb:ecbwps:20131567&r=lam |
| By: | Calvo, Esteban |
| Abstract: | En el presente capítulo se revisan algunos antecedentes y desarrollos recientes del sistema de salud chileno. En primer término, se lleva a cabo un repaso de los principales períodos e hitos históricos de las políticas de salud en Chile. Posteriormente, se revisa el contexto epidemiológico y demográfico en Chile y se compara con el caso de Colombia, en relación a indicadores relevantes como la esperanza de vida, el envejecimiento de la población y los gastos en salud. En tercer lugar, se profundizará en la realidad actual de las políticas de salud chilenas. Por último, se analizará cómo es posible priorizar el sistema de salud de una forma justa, legítima y sustentable. In this chapter we examine the history and recent developments in the Chilean health system. First, we outline the main historical periods and milestones of health policies in Chile. Next, we review the current epidemiological and demographic context in Chile and compare it with the case of Colombia. Then we analyze the current health policy debates and reform that are taking place in Chile. Finally, we discuss how to prioritize the health system in a fair, legitimate and sustainable way. |
| Keywords: | health system; health policies; epidemiology; demography |
| JEL: | I00 I18 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:48968&r=lam |