Building Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations.
Patrick A. Imam
Bok Engelsk 2012 · Electronic books.
| Omfang | 1 online resource (43 pages)
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| Utgave | 1st ed.
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| Opplysninger | Cover -- Contents -- I. Introduction -- II. The Case for Macroprudential Policy in Latin America -- A. Latin America has Made Significant Strides to Preserve Financial Stability -- B. Important Vulnerabilities Remain -- C. Mapping Macro-financial Vulnerabilities and Macroprudential Policies -- III. The Existing Institutional Arrangements for Financial Stability -- A. The Current State of Play -- B. Characterizing Financial Stability Arrangements in Latin America -- IV. The Way Forward -- A. The Pacific Model -- B. The Atlantic Model -- C. Articulating the Macroprudential Mandate -- D. Strengthening the Macroprudential Policy Process -- References -- Tables -- 1. Bank Legislation and Financial Safety Nets -- 2. Relative Importance of Top Banks in Eight Countries in Latin America -- 3. Macroprudential Policy Tools in Selected Latin American Countries -- 4. Authority for Supervision of Banks, Insurances, and Securities -- 5. Institutional Models for Financial Stability in Latin America -- Figures -- 1. Systemic Banking Crises Worldwide -- 2. Key Financial Soundness Indicators -- 3. Capital Inflows -- 4. Volatility of Commodity Prices -- 5. Real Credit Growth and Banking Crises -- 6. Banking Assets by Region, 2009 -- 7. Banking and Nonbanking System in Latin America, 2008 -- 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 -- 12. Basel Core Principle Compliance -- 13. List of Compliance of Basel Core Principles for Western Hemisphere Countries -- Boxes -- 1. The New Financial Stability Committees in Chile, Mexico, and Uruguay -- 2. Institutional Arrangement for Financial Stability in Brazil -- Appendices -- I. Central Bank and Banking Regulation Institution Mandates.. - II. Institution Responsible for Establishing Some Key Macroprudential Measures -- III. Characterizing the Latin American Banking System.. - 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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| ISBN | 9781475547764
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