• Media type: E-Book
  • Title: Policy Instruments to Lean Against the Wind in Latin America
  • Contributor: Terrier, G. [Author]; Valdés, Rodrigo [Other]; Tovar, Camilo E. [Other]; Chan-Lau, Jorge A. [Other]; Fernández-Valdovinos, Carlos [Other]; Garcia-Escribano, Mercedes [Other]; Medeiros, Carlos I. [Other]; Tang, Man-Keung [Other]; Vera-Martin, Mercedes [Other]; Walker, W. Christopher [Other]
  • Published: [S.l.]: SSRN, [2011]
  • Published in: IMF Working Papers, Vol. , pp. 1-113, 2011
  • Extent: 1 Online-Ressource (113 p)
  • Language: English
  • DOI: 10.2139/ssrn.1888902
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2011 erstellt
  • Description: This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments examined include: (i) capital requirements, dynamic provisioning, and leverage ratios; (ii) liquidity requirements; (iii) debt-to-income ratios; (iv) loan-to-value ratios; (v) reserve requirements on bank liabilities (deposits and nondeposits); (vi) instruments to manage and limit systemic foreign exchange risk; and, finally, (vii) reserve requirements or taxes on capital inflows. Although the instruments analyzed are mainly microprudential in nature, appropriately calibrated over the financial cycle they may serve for macroprudential purposes
  • Access State: Open Access