Policy Instruments to Lean Against the Wind in Latin America

Media type: E-Book

Title: Policy Instruments to Lean Against the Wind in Latin America

Contributor: Terrier, G. [Author]; Medeiros, Carlos I. [Other]; Tovar Mora, Camilo Ernesto [Other]; Fernandez Valdovinos, Carlos [Other]; Terrier, G. [Other]; Chan-Lau, Jorge A. [Other]; Vera-Martín, Mercedes [Other]; Garcia-Escribano, Mercedes [Other]; Tang, Man-Keung [Other]; Valdés, Rodrigo O. [Other]; Walker, W. Christopher [Other]

Published: Washington, D.C: International Monetary Fund, 2011
Online-Ausg.

Extent: Online-Ressource (113 p)

Language: English

DOI: 10.5089/9781455297726.001

ISBN: 1455297720; 9781455297726

Identifier:

Keywords: Banks and Banking ; Exports and Imports ; Foreign Exchange ; Money and Monetary Policy ; Industries: Financial Services ; Central Banks and Their Policies ; Current Account Adjustment ; Short-term Capital Movements ; International Lending and Debt Problems ; Financial Institutions and Services: Government Policy and Regulation ; Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages ; Monetary Policy ; Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill ; Financial services law & regulation ; Finance ; Monetary economics ; Banking ; [...]

Type of reproduction: Online-Ausg.

Origination:

Footnote:

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

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