Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/174474 
Autor:innen: 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Working Papers No. 2017-21
Verlag: 
Banco de México, Ciudad de México
Zusammenfassung: 
This paper gathers and systemizes self-reported information about exchange rate flexibility and FX regulation in Latin America and the Caribbean for a period of twenty years beginning in 1992. The results show that, in countries in which the use of limits, liquidity and reserve requirements on FX positions was more common, the frequency of use of these instruments was particularly high during the transition towards more flexible exchange rate regimes. The exception refers to economies with a long tradition of financial dollarization in which the prudential policies were more spread out over time, possibly due to countercyclical adjustments of the regulatory instruments. Along these lines, policymakers reported that the first goal in using the regulation was to reduce currency mismatches, but, in the flexible regimes that were adopted during the 2000s the instruments were also used to dampen volatility in the exchange rate.
Schlagwörter: 
Prudential Regulation
Exchange Rate Regimes
Foreign Currency Positions
JEL: 
E58
F31
Dokumentart: 
Working Paper
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