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International development experts share their ideas on how wealthy countries can promote prosperity in developing countries. Follow at

Jun 20, 2011

For now, the future for Latin America looks bright. Confidence is high throughout the region after a strong rebound from the global financial crisis. But large and possibly volatile inflows of capital could lead to a credit bubble if regulators don’t take steps now to slow the large flood of hot money. In this edition of the Wonkcast I interview three members of the Latin American Shadow Financial Regulatory  Committee (CLAAF), a group prominent South American economists who meet twice yearly to offer advice to the region’s regulators and policymakers. Our focus is the group’s latest statement, which urges unconventional measures for extraordinary times.

My guests are Liliana Rojas-Suarez, CLAFF chair and a senior fellow at CGD;  Guillermo Calvo, professor at Columbia University and former chief economist at the Inter-American Development Bank; and Carmen Reinhart, a senior fellow at the Peterson Institute.

Read a full show summary on the Wonkcast site: