TY  - BOOK
AU  - Terrier,G.
AU  - Chan-Lau,Jorge A.
AU  - Fernandez Valdovinos,Carlos
AU  - Garcia-Escribano,Mercedes
AU  - Medeiros,Carlos I.
AU  - Tang,Man-Keung
AU  - Terrier,G.
AU  - Tovar Mora,Camilo E.
AU  - Valdes,Rodrigo O.
AU  - Vera Martin,Mercedes
AU  - Walker,W.Christopher
TI  - Policy Instruments to Lean Against the Wind in Latin America
T2  - IMF Working Papers; Working Paper
SN  - 1455297720 :
SN  - 1018-5941
PY  - 2011///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking
KW  - imf
KW  - Debt-to-Income Ratios
KW  - Dynamic Provisions
KW  - Financial Institutions and Services: Government Policy and Regulation
KW  - Financial System
KW  - Foreign Exchange Credit Risk
KW  - Brazil
KW  - Colombia
KW  - Korea, Republic of
KW  - Peru
KW  - Uruguay
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/11992-9781455297726/11992-9781455297726/11992-9781455297726.xml
UR  - http://www.imfbookstore.org/IMFORG/9781455297726
ER  -