Latin American Capital Markets

About the AuthorsOsvo/do R. Agotie//o is a legal and economic consultant to international organizationsand development cooperation agencies, specializing in Latin America. He wasundersecretary for projects and technical cooperation and advisor to the Vice-Minister of Economy of Argentina in the 1990s and a member of Argentina's foreigndebt team in the 1980s. He holds a PhD in international economics from the FletcherSchool of Law and Diplomacy and an SJD from the University of Cordoba in Argentina.Reeno Aggarwal is a professor of finance with the McDonough School of Businessat Georgetown University, specializing in stock and emerging markets, microstructureof stock exchanges, and initial public offerings. She has published in several importantjournals and was an academic fellow at the Securities and Exchange Commission. Shehas spent time in Brazil and Chile examining stock markets and privatization programs.She holds a PhD in finance from the University of Maryland.Catherine Chand/er-Crich/ow is president of International Leadership Associates,Inc., and has more than 25 years experience in human capacity development,technology-based distance education, and leadership development. A graduate ofHarvard University and the University of Toronto, she has held executive positionsin various public and private sector firms. She is currently a senior advisor to theToronto International Leadership Centre for Financial Sector Supervision.Andrea M. Corcoran is director of the Office of International Affairs of the U.S.Commodity Futures Trading Commission. She is a frequent contributor to legal, economic,and regulatory journals on derivatives issues in the United States and abroadand an adjunct professor at Georgetown University Law Center She holds a degreein law from Harvard Law School and a BA from Stanford.C/emente del Valle was recently appointed superintendent of the Comision Nacionalde Valores in Colombia. He joined the World Bank in 1997. He coordinated therecent publication of the World Bank and International Monetary Fund's DevelopingGovernment Bond Markets Handbook as well as the annual Organisation for EconomicCo-operation and Development and World Bank forum for government securities.Copyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pubKenroy Dowers is an investment officer at the Inter-American Development Bank(IDB). Previously he was a financial sector specialist at the IDB and senior risk ana-