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dc.contributor.authorOcampo, José Antonio
dc.date.accessioned2014-01-02T16:51:59Z
dc.date.available2014-01-02T16:51:59Z
dc.date.issued2003-02
dc.identifier.isbn9211213924
dc.identifier.urihttp://hdl.handle.net/11362/7793
dc.descriptionIncludes bibliography
dc.description.abstractAbstract 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.
dc.format.extent33 páginas.
dc.language.isoen
dc.publisherECLAC
dc.relation.ispartofseriesSerie Informes y Estudios Especiales
dc.titleCapital-account and counter-cyclical prudential regulations in developing countries
dc.typeTexto
dc.contributor.entityNU. CEPAL
dc.contributor.entityUNU. World Institute for Development Economics Research
dc.projectProject on Capital Flows to Emerging Markets since the Asian Crisis
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescription33 p.
dc.jobnumberS0212984 E
dc.salenumber03.II.G.23
dc.callnumberINT UN/EC 93(6/2003)
dc.callnumberLC/L.1820-P
dc.identifier.unsymbolLC/L.1820-P
dc.placeofeditionSantiago
dc.relation.ispartofseriesno6
dc.subject.spanishMACROECONOMIA
dc.subject.spanishMERCADOS DE CAPITAL
dc.subject.spanishMOVIMIENTOS DE CAPITAL
dc.subject.spanishPAISES EN DESARROLLO
dc.subject.spanishPOLITICA ECONOMICA
dc.subject.spanishREGLAS Y NORMAS
dc.subject.englishCAPITAL MARKETS
dc.subject.englishCAPITAL MOVEMENTS
dc.subject.englishDEVELOPING COUNTRIES
dc.subject.englishECONOMIC POLICY
dc.subject.englishMACROECONOMICS
dc.subject.englishRULES AND REGULATIONS
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishASUNTOS FISCALES
dc.topic.spanishBALANZA DE PAGOS
dc.topic.spanishMACROECONOMÍA
dc.topic.englishFISCAL AFFAIRS
dc.topic.englishBALANCE OF PAYMENTS
dc.topic.englishMACROECONOMICS
dc.idsade11888
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishESTADÍSTICAS
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSTATISTICS


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