EconPapers    
Economics at your fingertips  
 

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

Luis Jácome (), Patrick Imam and Erlend Nier

No 2012/183, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; financial system; issues regulation; a number of crises country; monetary policy; section III; Macrorpudential policy; financial stability; systemic crises; central banks; banking supervision; supervisory agency; deposit guarantee; response policy; Financial sector stability; Macroprudential policy; Systemic risk; Global (search for similar items in EconPapers)
Pages: 42
Date: 2012-07-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=26059 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2012/183

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

 
Page updated 2021-09-12
Handle: RePEc:imf:imfwpa:2012/183