LEADER 04427nam 2200625Ia 450 001 9910461978403321 005 20200520144314.0 010 $a1-4755-1955-9 010 $a1-4755-4776-5 035 $a(CKB)2670000000278934 035 $a(EBL)1606848 035 $a(SSID)ssj0000943315 035 $a(PQKBManifestationID)11479834 035 $a(PQKBTitleCode)TC0000943315 035 $a(PQKBWorkID)10975480 035 $a(PQKB)11427481 035 $a(MiAaPQ)EBC1606848 035 $a(Au-PeEL)EBL1606848 035 $a(CaPaEBR)ebr10627155 035 $a(OCoLC)870244929 035 $a(EXLCZ)992670000000278934 100 $a20121206d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBuilding blocks for effective macroprudential policies in Latin America$b[electronic resource] $einstitutional considerations /$fLuis I. Ja?come, Erlend W. Nier, and Patrick Imam 210 $aWashington, D.C. $cInternational Monetary Fund$dc2012 215 $a1 online resource (43 p.) 225 0$aIMF working paper ;$vWP/12/183 300 $aDescription based upon print version of record. 311 $a1-4755-8909-3 311 $a1-4755-0531-0 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $a3. 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 327 $aC. 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 327 $a12. Basel Core Principle Compliance 13. List of Compliance of Basel Core Principles for Western Hemisphere Countries; References 330 $aAn increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in Latin America and examines key issues to consider when designing the institutional foundations for effective macroprudential policies. The paper focuses primarily on eight Latin American countries, where the institutional arrangements for monetary and financial policies can be classified in two distinct gr 410 0$aIMF Working Papers 606 $aFinancial crises$zLatin America 607 $aLatin America$xEconomic policy 608 $aElectronic books. 615 0$aFinancial crises 700 $aJa?come$b Luis Ignacio$0905665 701 $aNier$b Erlend$0881073 701 $aImam$b Patrick$0910646 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910461978403321 996 $aBuilding blocks for effective macroprudential policies in Latin America$92167248 997 $aUNINA