Capital-account and counter-cyclical prudential regulations in developing countries

Includes bibliography

Guardado en:
Detalles Bibliográficos
Autor principal: Ocampo, José Antonio
Otros Autores: NU. CEPAL
Formato: Texto
Lenguaje:English
Publicado: ECLAC 2014
Materias:
Acceso en línea:http://hdl.handle.net/11362/7793
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai-11362-7793
record_format dspace
spelling oai-11362-77932020-09-29T15:31:52Z Capital-account and counter-cyclical prudential regulations in developing countries Ocampo, José Antonio NU. CEPAL UNU. World Institute for Development Economics Research MACROECONOMIA MERCADOS DE CAPITAL MOVIMIENTOS DE CAPITAL PAISES EN DESARROLLO POLITICA ECONOMICA REGLAS Y NORMAS CAPITAL MARKETS CAPITAL MOVEMENTS DEVELOPING COUNTRIES ECONOMIC POLICY MACROECONOMICS RULES AND REGULATIONS Includes bibliography Abstract This paper explores the complementary use of two instruments to manage capital-account volatility in developing countries: capital account regulations and counter-cyclical prudential regulation of domestic financial intermediaries. Capital-account regulations can provide useful instruments in terms of both improving debt profiles and facilitating the adoption of (possibly temporary); counter-cyclical macroeconomic policies. Prudential regulation and supervision should take into account not only the microeconomic risks, but also the macroeconomic risks associated with boom-bust cycles. It should thus introduce counter-cyclical elements into prudential regulation and supervision, together with strict rules to prevent currency mismatches and reduce maturity mismatches. These instruments should be seen as a complement to counter-cyclical macroeconomic policies and, certainly, neither of them can nullify the risks that pro-cyclical macroeconomic policies may generate. 2014-01-02T16:51:59Z 2014-01-02T16:51:59Z 2003-02 Texto Documento Completo 9211213924 http://hdl.handle.net/11362/7793 LC/L.1820-P en Serie Informes y Estudios Especiales 6 application/pdf ECLAC
institution Cepal
collection Cepal
language English
topic MACROECONOMIA
MERCADOS DE CAPITAL
MOVIMIENTOS DE CAPITAL
PAISES EN DESARROLLO
POLITICA ECONOMICA
REGLAS Y NORMAS
CAPITAL MARKETS
CAPITAL MOVEMENTS
DEVELOPING COUNTRIES
ECONOMIC POLICY
MACROECONOMICS
RULES AND REGULATIONS
spellingShingle MACROECONOMIA
MERCADOS DE CAPITAL
MOVIMIENTOS DE CAPITAL
PAISES EN DESARROLLO
POLITICA ECONOMICA
REGLAS Y NORMAS
CAPITAL MARKETS
CAPITAL MOVEMENTS
DEVELOPING COUNTRIES
ECONOMIC POLICY
MACROECONOMICS
RULES AND REGULATIONS
Ocampo, José Antonio
Capital-account and counter-cyclical prudential regulations in developing countries
description Includes bibliography
author2 NU. CEPAL
author_facet NU. CEPAL
Ocampo, José Antonio
format Texto
author Ocampo, José Antonio
author_sort Ocampo, José Antonio
title Capital-account and counter-cyclical prudential regulations in developing countries
title_short Capital-account and counter-cyclical prudential regulations in developing countries
title_full Capital-account and counter-cyclical prudential regulations in developing countries
title_fullStr Capital-account and counter-cyclical prudential regulations in developing countries
title_full_unstemmed Capital-account and counter-cyclical prudential regulations in developing countries
title_sort capital-account and counter-cyclical prudential regulations in developing countries
publisher ECLAC
publishDate 2014
url http://hdl.handle.net/11362/7793
work_keys_str_mv AT ocampojoseantonio capitalaccountandcountercyclicalprudentialregulationsindevelopingcountries
_version_ 1718434270886756352