Regulatory Policy in Latin America: Post-Privatization Realities

This edited volume is the first comprehensive attempt to answer these fundamental questions. Given the complexity of regulatory policy and its many dimensions, prominent scholars and experts provide a coherent set of theoretical and empirical studies coming from economics, law, and political science. Regulatory policy in telecommunications, electricity, water, and financial services are analyzed across countries, with a particular emphasis on Argentina, Brazil, Chile, Mexico, and Peru. By assessing the record to date and the challenges ahead, the book makes an important contribution to the current debate and is likely to be of great interest among both academics and policymakers.

• Introduction—L. Manzetti.
• THEMES AND ISSUES IN REGULATORY POLICY AFTER PRIVATIZATION.
• Reflections on Efficiency and Government Regulation—A. C. Harberger.
• Law and Post-Privatization Regulatory Reform: Perspectives from the U.S. Experience—P. Schuck.
• Transaction Costs, Politics, Regulatory Institutions, and Regulatory Outcomes—A. Estache and D. Martimort.
• The Political Economy of Regulatory Policy—L. Manzetti.
• Structuring Prudential Bank Regulation to Promote Efficiency and Safety—G. Kaufman.
• PUBLIC UTILITY AND FINANCIAL MARKETS REGULATION.
• Reforming Urban Water Systems: A Tale of Four Cities—M. Shirley.
• Reforming the Electricity Sectors in the Southern Cone: The Chilean and Argentine Experiments—A. Estache and M. Rodríguez-Pardina.
• Regulating the Telecommunications Sector: The Experience of Latin America—B. Wellenius.
• Banking Structures, Market Forces, and Economic Freedom—W.C. Gruben.
• Regulatory Policy in an Unstable Legal Environment: The Case of Argentina—R.P. Saba.
• Conclusion—L. Manzetti and M. dell'Aquila .