Shallow capital markets are a key bottleneck for private sector development in Latin America. And proposes a shift in the financial development discussion from institutional explanations focused only on rules to an actor-based argument centered on the role of institutional investors, in particular pension funds .
Ignacio Puente is a researcher working on the political economy of financial development and corporate governance reform in emerging economies.
Chapter 1. Introduction.- Chapter 2. Private Equity, Financial Development and Corporate Governance Reform.- Chapter 3. Private Equity and Latin America.- Chapter 4. Institutions: From Rules to Investors.- Chapter 5. Business Association and the Politics of Regulatory Reform.- Chapter 6. Beyond Latin America.- Chapter 7. Conclusions: Private Equity and Development.