LEADER 07431oam 22014054 450 001 9910786473803321 005 20230801225425.0 010 $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(IMF)WPIEE2012183 035 $a(IMF)WPIEA2012183 035 $a(EXLCZ)992670000000278934 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBuilding Blocks for Effective Macroprudential Policies in Latin America : $eInstitutional Considerations /$fPatrick Imam, Erlend Nier, Luis Jácome 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (43 p.) 225 1 $aIMF Working Papers 225 0$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 3 $aAn increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in Latin America and examines key issues to consider when designing the institutional foundations for effective macroprudential policies. The paper focuses primarily on eight Latin American countries, where the institutional arrangements for monetary and financial policies can be classified in two distinct groups: the "Pacific" model that includes Chile, Colombia, Peru, Costa Rica, and Mexico, and the "Atlantic" model, comprising Argentina, Brazil, and Uruguay. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/183 606 $aFinancial crises$zLatin America 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aFinancial Risk Management$2imf 606 $aMacroeconomics$2imf 606 $aBusiness and Financial$2imf 606 $aCentral Banks and Their Policies$2imf 606 $aPolicy Objectives$2imf 606 $aPolicy Designs and Consistency$2imf 606 $aPolicy Coordination$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinancial Crises$2imf 606 $aFinance$2imf 606 $aBanking$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aFinancial services law & regulation$2imf 606 $aFinancial sector stability$2imf 606 $aMacroprudential policy$2imf 606 $aFinancial crises$2imf 606 $aSystemic risk$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial regulation and supervision$2imf 606 $aFinancial services industry$2imf 606 $aEconomic policy$2imf 606 $aBanks and banking$2imf 606 $aFinancial risk management$2imf 606 $aLaw and legislation$2imf 607 $aLatin America$xEconomic policy 607 $aMexico$2imf 615 0$aFinancial crises 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aFinancial Risk Management 615 7$aMacroeconomics 615 7$aBusiness and Financial 615 7$aCentral Banks and Their Policies 615 7$aPolicy Objectives 615 7$aPolicy Designs and Consistency 615 7$aPolicy Coordination 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinancial Markets and the Macroeconomy 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinancial Crises 615 7$aFinance 615 7$aBanking 615 7$aEconomic & financial crises & disasters 615 7$aFinancial services law & regulation 615 7$aFinancial sector stability 615 7$aMacroprudential policy 615 7$aFinancial crises 615 7$aSystemic risk 615 7$aFinancial sector policy and analysis 615 7$aFinancial regulation and supervision 615 7$aFinancial services industry 615 7$aEconomic policy 615 7$aBanks and banking 615 7$aFinancial risk management 615 7$aLaw and legislation 700 $aImam$b Patrick$01472655 701 $aNier$b Erlend$01467715 701 $aJácome$b Luis$01450030 801 0$bDcWaIMF 906 $aBOOK 912 $a9910786473803321 996 $aBuilding Blocks for Effective Macroprudential Policies in Latin America$93785462 997 $aUNINA