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Record Nr. |
UNINA9910974031903321 |
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Autore |
Imam Patrick |
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Titolo |
Building Blocks for Effective Macroprudential Policies in Latin America : : Institutional Considerations / / Patrick Imam, Erlend Nier, Luis Jácome |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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9781475519556 |
1475519559 |
9781475547764 |
1475547765 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (43 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/12/183 |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Financial crises - Latin America |
Banking |
Banks and Banking |
Banks and banking |
Banks |
Business and Financial |
Central Banks and Their Policies |
Depository Institutions |
Economic & financial crises & disasters |
Economic policy |
Finance |
Finance: General |
Financial Crises |
Financial crises |
Financial Institutions and Services: Government Policy and Regulation |
Financial Markets and the Macroeconomy |
Financial regulation and supervision |
Financial Risk Management |
Financial risk management |
Financial sector policy and analysis |
Financial sector stability |
Financial services industry |
Financial services law & regulation |
General Financial Markets: Government Policy and Regulation |
Law and legislation |
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Macroeconomics |
Macroprudential policy |
Micro Finance Institutions |
Mortgages |
Policy Coordination |
Policy Designs and Consistency |
Policy Objectives |
Systemic risk |
Latin America Economic policy |
Mexico |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction; II. The Case for Macroprudential Policy in Latin America; Figures; 1. Systemic Banking Crises Worldwide; A. Latin America has Made Significant Strides to Preserve Financial Stability; Tables; 1. Bank Legislation and Financial Safety Nets; 2. Key Financial Soundness Indicators; B. Important Vulnerabilities Remain; 3. Capital Inflows; 4. Volatility of Commodity Prices; 5. Real Credit Growth and Banking Crises; C. Mapping Macro-financial Vulnerabilities and Macroprudential Policies; 2. Relative Importance of Top Banks in Eight Countries in Latin America |
3. Macroprudential Policy Tools in Selected Latin American Countries III. The Existing Institutional Arrangements for Financial Stability; A. The Current State of Play; 4. Authority for Supervision of Banks, Insurances, and Securities; B. Characterizing Financial Stability Arrangements in Latin America; Boxes; 1. The New Financial Stability Committees in Chile, Mexico, and Uruguay; 5. Institutional Models for Financial Stability in Latin America; 2. Institutional Arrangement for Financial Stability in Brazil; IV. The Way Forward; A. The Pacific Model; B. The Atlantic Model |
C. Articulating the Macroprudential Mandate D. Strengthening the Macroprudential Policy Process; Appendices; I. Central Bank and Banking Regulation Institution Mandates; II. Institution Responsible for Establishing Some Key Macroprudential Measures; 6. Banking Assets by Region, 2009; 7. Banking and Nonbanking System in Latin America, 2008; III. Characterizing the Latin American Banking System; 8. Share of Banking Assets Held in Subsidiaries or Branches of Global Foreign Banks; 9. Foreign Banks' Lending, 2008; 10. Deposits and Credits; 11. Deposit-to-Loan Ratios in Foreign-Owned Local Affiliate |
12. Basel Core Principle Compliance 13. List of Compliance of Basel Core Principles for Western Hemisphere Countries; References |
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Sommario/riassunto |
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An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in Latin America and examines key issues to consider when designing the institutional foundations for effective macroprudential policies. The paper focuses primarily on eight Latin American countries, |
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where the institutional arrangements for monetary and financial policies can be classified in two distinct groups: the "Pacific" model that includes Chile, Colombia, Peru, Costa Rica, and Mexico, and the "Atlantic" model, comprising Argentina, Brazil, and Uruguay. |
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