Front Matter
Author: Mr. G. Terrier, Mr. Rodrigo O. Valdes, Mr. Camilo E Tovar Mora, Mr. Jorge A Chan-Lau, Carlos Fernandez Valdovinos, Ms. Mercedes Garcia-Escribano1, Mr. Carlos I. Medeiros, Man-Keung Tang2, Miss Mercedes Vera Martin, and W. Christopher Walker
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Publication Date:
01 Jul 2011
eISBN:
9781455297726
Language:
English
Keywords:
WP; bank; RR; credit risk; rate
Download PDF (1,023.3 KB)

Front Matter Page

Western Hemisphere Department

Contents

  • Abstract

  • I. Policy Instruments to Lean against the Wind in Latin America

    • A. Overview

  • II. Capital Requirements, Leverage Ratios, Countercyclical Capital Buffers and Dynamic Provisions

    • A. Introduction

    • B. The Tools and Their Objectives: Solvency and Leaning Against the Wind

    • C. Implications for Latin America

    • D. Conclusions

  • Boxes

  • II. 1. Accounting Treatment of Provisions and Capital

  • 2. Dynamic Provisions in Spain and Latin America

  • III. Liquidity Requirements for Macroprudential Purposes

    • A. Motivation

    • B. The Liquidity Coverage Ratio (LCR)

    • C. Net Stable Funding Ratio (NSFR)

    • D. Quantitative and Economic Impact of LCR and NSFR

    • E. Conclusions

  • Annexes

  • III. 1. Country experiences: New Zealand, Colombia, Chile, and Australia

  • IV. Debt to Income limits

    • A. Debt to Income Ratios

    • B. Risks Arising from Household Indebtedness

    • C. Debt to Income Limits

    • D. Conclusion

  • V. Loan-to-Value Ratio Caps as a Macroprudential Tool

    • A. Introduction

    • B. LTV Rule Implementation

    • C. Existing Evidence on Effectiveness

    • D. Recent Examples in the Americas

    • E. Conclusion

  • Annexes

  • 1. Case Study of Hong Kong SAR

  • 2. Recent Country Examples of LTV Restrictions

  • VI. Reserve Requirements on Bank Liabilities as a Macroprudential Tool

    • A. Introduction

    • B. Theoretical Considerations

    • C. Conclusions

  • Boxes

  • 1. Effect of Changes in RRs on Active Interest Rates

  • Annex

  • 1. Country experiences with Deposit Reserve Requirements

  • 2. Country experiences with Reserve Requirements on (non-core)

  • VII. Macroprudential Instruments to Manage Foreign-Exchange Credit Risk

    • A. Motivation

    • B. Instruments and Potential Benefits

  • Annexes

  • 1. Country Experiences in Managing FX Credit Risk

  • VIII. Limiting Foreign Exchange Positions to Contain Systemic Risk

    • A. Introduction

    • B. Potential Macroprudential Benefits

    • C. Conclusions

  • Annexes

  • 1. Country Experiences and Case Studies

  • 2. Carry Trade Using Futures Market

  • IX. Reserve Requirements and Taxes on Capital Inflows

    • A. Introduction

    • B. Theoretical Considerations

    • C. Conclusions

  • Boxes

  • 1. Tax-equivalent of RRs

  • Annexes

  • 1. Country Experiences with Reserve Requirements on Capital Inflows

Cover IMF Working Papers
Policy Instruments to Lean Against the Wind in Latin America
Author: Mr. G. Terrier, Mr. Rodrigo O. Valdes, Mr. Camilo E Tovar Mora, Mr. Jorge A Chan-Lau, Carlos Fernandez Valdovinos, Ms. Mercedes Garcia-Escribano, Mr. Carlos I. Medeiros, Man-Keung Tang, Miss Mercedes Vera Martin, and W. Christopher Walker
Volume/Issue:
Volume 2011: Issue 159
Publisher:
International Monetary Fund
ISBN:
9781455297726
ISSN:
1018-5941
Pages:
113
DOI:
https://doi.org/10.5089/9781455297726.001