Growing out of the eighth Reunión Operativa del Centro de Estudios Monetarios Latinoamericanos, which met in Caracas in November 1964, this study presents a general description of Latin American capital markets with a view toward economic integration. The study is based on a questionnaire sent to the central banks and other monetary authorities of the Latin American nations. The material was compiled and edited by Sergio Sánchez Gómez and Jesús Silva Herzog of the Banco de México, aided by Marina O. de Napky of the Banco Central de Honduras; and the result is a well-presented descriptive and statistical survey of the present situation regarding capital markets in most of the Latin American countries.
Information is provided on both the public and private sectors for all of the Latin American republics, excepting Cuba and Haiti but including Jamaica. Understandably data on the private sector are incomplete for several countries and nearly nonexistent for Argentina. Information on Brazil, Jamaica, Panama, and the Dominican Republic is also rather scanty. These limitations, of course, detract from the value of the work, but it is nonetheless a useful contribution to our information on the present state of the Latin American economies and particularly on their incipient capital markets.
