07431oam 22014054 450 991078647380332120230801225425.01-4755-1955-91-4755-4776-5(CKB)2670000000278934(EBL)1606848(SSID)ssj0000943315(PQKBManifestationID)11479834(PQKBTitleCode)TC0000943315(PQKBWorkID)10975480(PQKB)11427481(MiAaPQ)EBC1606848(Au-PeEL)EBL1606848(CaPaEBR)ebr10627155(OCoLC)870244929(IMF)WPIEE2012183(IMF)WPIEA2012183(EXLCZ)99267000000027893420020129d2012 uf 0engurcn|||||||||txtccrBuilding Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations /Patrick Imam, Erlend Nier, Luis JácomeWashington, D.C. :International Monetary Fund,2012.1 online resource (43 p.)IMF Working PapersIMF working paper ;WP/12/183Description based upon print version of record.1-4755-8909-3 1-4755-0531-0 Includes bibliographical references.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 America3. 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 ModelC. 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 Affiliate12. Basel Core Principle Compliance 13. List of Compliance of Basel Core Principles for Western Hemisphere Countries; ReferencesAn 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, 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.IMF Working Papers; Working Paper ;No. 2012/183Financial crisesLatin AmericaBanks and BankingimfFinance: GeneralimfFinancial Risk ManagementimfMacroeconomicsimfBusiness and FinancialimfCentral Banks and Their PoliciesimfPolicy ObjectivesimfPolicy Designs and ConsistencyimfPolicy CoordinationimfFinancial Institutions and Services: Government Policy and RegulationimfGeneral Financial Markets: Government Policy and RegulationimfFinancial Markets and the MacroeconomyimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial CrisesimfFinanceimfBankingimfEconomic & financial crises & disastersimfFinancial services law & regulationimfFinancial sector stabilityimfMacroprudential policyimfFinancial crisesimfSystemic riskimfFinancial sector policy and analysisimfFinancial regulation and supervisionimfFinancial services industryimfEconomic policyimfBanks and bankingimfFinancial risk managementimfLaw and legislationimfLatin AmericaEconomic policyMexicoimfFinancial crisesBanks and BankingFinance: GeneralFinancial Risk ManagementMacroeconomicsBusiness and FinancialCentral Banks and Their PoliciesPolicy ObjectivesPolicy Designs and ConsistencyPolicy CoordinationFinancial Institutions and Services: Government Policy and RegulationGeneral Financial Markets: Government Policy and RegulationFinancial Markets and the MacroeconomyBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial CrisesFinanceBankingEconomic & financial crises & disastersFinancial services law & regulationFinancial sector stabilityMacroprudential policyFinancial crisesSystemic riskFinancial sector policy and analysisFinancial regulation and supervisionFinancial services industryEconomic policyBanks and bankingFinancial risk managementLaw and legislationImam Patrick1472655Nier Erlend1467715Jácome Luis1450030DcWaIMFBOOK9910786473803321Building Blocks for Effective Macroprudential Policies in Latin America3785462UNINA