Series: IMF Working Papers
Author(s): Armando Méndez Morales , and Maria del Mar Cacha
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2003
Keywords: Prudential regulation, provisions, foreign currency, exchange rate, exchange rate depreciation, foreign exchange position, currency risk, Financial Institutions and Services: Government Policy and Regulation,
Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absenc...