Lat Am's progress highlighted by crisis: BIS

The development of Latin America's financial markets and policymakers' enhanced credibility have been underscored by the region's ability to withstand the worst ravages of the crisis, a paper published by the Bank for International Settlements (BIS) said.

In a paper published on Monday as part of the BIS's Quarterly Review, researchers noted that although the collapse of Lehman Brothers, a now defunct investment bank, has troubled the region, Latin America had fared relatively well compared w