Prudential Regulation, Currency Mismatches and Exchange Rate Regimes in Latin America and the Caribbean

Martin Tobal

No 17, Documentos de Investigación - Research Papers from CEMLA

Abstract: In this paper, the author reports some of the results from a survey on limits and reserve requirements involving fx positions and the flexibility of their exchange rate regimes. The survey reveals new facts. Countries that have more intensively implemented these measures have taken the bulk of their policies in the transition towards exchange rate flexibility. The author shows that, in flexible regimes, policymakers have higher motivations for implementing FX regulation to achieve exchange rate stability. Yet, policy-makers’ concerns differ substantially across countries and implementation characteristics are heterogeneous across policies constraining the same relationship in the balance sheet.

Keywords: Prudential regulation; currency mismatches; exchange rate regimes; Latin America; Caribbean. (search for similar items in EconPapers)
JEL-codes: E58 F31 (search for similar items in EconPapers)
Pages: 26
Date: 2014-11
New Economics Papers: this item is included in nep-cba, nep-lam, nep-mac and nep-mon
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Citations: View citations in EconPapers (5)

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