Building blocks for effective macroprudential policies in Latin America : institutional considerations

Luis I. Jácome, Erlend W. Nier, and Patrick Imam

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 gr

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Year of publication:	2012
Authors:	Jácome, Luis Ignacio ; Nier, Erlend W. ; Imam, Patrick
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Bankenaufsicht \| Banking supervision \| Finanzkrise \| Financial crisis \| Lateinamerika \| Latin America

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Extent:	Online-Ressource (PDF-Datei: 41 S., 1,496 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/183 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; 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 3. Macroprudential Policy Tools in Selected Latin American CountriesIII. 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 C. Articulating the Macroprudential MandateD. 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 12. Basel Core Principle Compliance13. List of Compliance of Basel Core Principles for Western Hemisphere Countries; References Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-0531-3 ; 978-1-4755-4776-4 ; 978-1-4755-0531-3
Source:	ECONIS - Online Catalogue of the ZBW

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