Building Blocks for Effective Macroprudential Policies in Latin America Institutional Considerations

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 A...

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Bibliographic Details
Main Author: Imam, Patrick
Other Authors: Jácome, Luis, Nier, Erlend
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Banks and banking 
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653 |a Banks 
653 |a Policy Designs and Consistency 
653 |a Financial services industry 
653 |a Economic policy 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Finance: General 
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653 |a Financial Institutions and Services: Government Policy and Regulation 
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653 |a Finance 
653 |a Systemic risk 
653 |a Financial Risk Management 
653 |a Micro Finance Institutions 
653 |a Financial sector policy and analysis 
653 |a Depository Institutions 
653 |a Financial sector stability 
653 |a Macroprudential policy 
653 |a Business and Financial 
653 |a Policy Coordination 
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653 |a Policy Objectives 
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520 |a 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