Building Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations /

An 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 A...

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Bibliografski detalji
Glavni autor: Imam, Patrick
Daljnji autori: Jacome, Luis, Nier, Erlend
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2012.
Serija:IMF Working Papers; Working Paper ; No. 2012/183
Online pristup:Full text available on IMF
Opis
Sažetak:An 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.
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Opis:1 online resource (42 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students