07620oam 22014894 450 991097403190332120250426110826.09781475519556147551955997814755477641475547765(CKB)2670000000278934(EBL)1606848(SSID)ssj0000943315(PQKBManifestationID)11479834(PQKBTitleCode)TC0000943315(PQKBWorkID)10975480(PQKB)11427481(Au-PeEL)EBL1606848(CaPaEBR)ebr10627155(OCoLC)870244929(IMF)WPIEE2012183(IMF)WPIEA2012183(MiAaPQ)EBC1606848WPIEA2012183(EXLCZ)99267000000027893420020129d2012 uf 0engurcn|||||||||txtccrBuilding Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations /Patrick Imam, Erlend Nier, Luis Jácome1st ed.Washington, 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.9781475589092 1475589093 9781475505313 1475505310 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 AmericaBankingimfBanks and BankingimfBanks and bankingimfBanksimfBusiness and FinancialimfCentral Banks and Their PoliciesimfDepository InstitutionsimfEconomic & financial crises & disastersimfEconomic policyimfFinanceimfFinance: GeneralimfFinancial CrisesimfFinancial crisesimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial Markets and the MacroeconomyimfFinancial regulation and supervisionimfFinancial Risk ManagementimfFinancial risk managementimfFinancial sector policy and analysisimfFinancial sector stabilityimfFinancial services industryimfFinancial services law & regulationimfGeneral Financial Markets: Government Policy and RegulationimfLaw and legislationimfMacroeconomicsimfMacroprudential policyimfMicro Finance InstitutionsimfMortgagesimfPolicy CoordinationimfPolicy Designs and ConsistencyimfPolicy ObjectivesimfSystemic riskimfLatin AmericaEconomic policyMexicoimfFinancial crisesBankingBanks and BankingBanks and bankingBanksBusiness and FinancialCentral Banks and Their PoliciesDepository InstitutionsEconomic & financial crises & disastersEconomic policyFinanceFinance: GeneralFinancial CrisesFinancial crisesFinancial Institutions and Services: Government Policy and RegulationFinancial Markets and the MacroeconomyFinancial regulation and supervisionFinancial Risk ManagementFinancial risk managementFinancial sector policy and analysisFinancial sector stabilityFinancial services industryFinancial services law & regulationGeneral Financial Markets: Government Policy and RegulationLaw and legislationMacroeconomicsMacroprudential policyMicro Finance InstitutionsMortgagesPolicy CoordinationPolicy Designs and ConsistencyPolicy ObjectivesSystemic risk332.1;332.152Imam Patrick1816071Jácome Luis1450030Nier Erlend1816072DcWaIMFBOOK9910974031903321Building Blocks for Effective Macroprudential Policies in Latin America4371722UNINA