Policy Instruments to Lean Against the Wind in Latin America /

This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments examined include: (i) capital requirements, dynamic provisioning, and leverage ratios; (ii) liquidity...

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Автор: Terrier, G.
Інші автори: Chan-Lau, Jorge, Tovar Mora, Camilo, Valdes, Rodrigo
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2011.
Серія:IMF Working Papers; Working Paper ; No. 2011/159
Онлайн доступ:Full text available on IMF
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245 1 0 |a Policy Instruments to Lean Against the Wind in Latin America /  |c G. Terrier, Rodrigo Valdes, Camilo Tovar Mora, Jorge Chan-Lau. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments examined include: (i) capital requirements, dynamic provisioning, and leverage ratios; (ii) liquidity requirements; (iii) debt-to-income ratios; (iv) loan-to-value ratios; (v) reserve requirements on bank liabilities (deposits and nondeposits); (vi) instruments to manage and limit systemic foreign exchange risk; and, finally, (vii) reserve requirements or taxes on capital inflows. Although the instruments analyzed are mainly microprudential in nature, appropriately calibrated over the financial cycle they may serve for macroprudential purposes. 
538 |a Mode of access: Internet 
700 1 |a Chan-Lau, Jorge. 
700 1 |a Tovar Mora, Camilo. 
700 1 |a Valdes, Rodrigo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/159 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/159/001.2011.issue-159-en.xml  |z IMF e-Library