Limits to foreign exchange net open positions and capital requirements in emerging economies

Many emerging economies have regulatory limits on foreign exchange rates net open positions of banks. We show that such limits leave the capital adequacy ratios of banks with investments in foreign subsidiaries more exposed to exchange rate fluctuations. We discuss alternative policies for overcomin...

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Autores:
Hofstetter Gascón, Marc - 1973
López Gaviria, José Ignacio
Urrutia Montoya, Miguel
Tipo de recurso:
Work document
Fecha de publicación:
2018
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8849
Acceso en línea:
http://hdl.handle.net/1992/8849
Palabra clave:
Foreign exchange open positions
Capital requirements
Política económica
Cambio exterior
Sistema financiero - Investigaciones
G21, F42, F23
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Hofstetter Gascón, Marc - 1973c3868ebe-9d4c-450c-8c50-c2438135ad41500López Gaviria, José Ignacio31229500Urrutia Montoya, Miguel108205002018-09-27T16:58:04Z2018-09-27T16:58:04Z20181657-5334http://hdl.handle.net/1992/88491657-719110.57784/1992/8849instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Many emerging economies have regulatory limits on foreign exchange rates net open positions of banks. We show that such limits leave the capital adequacy ratios of banks with investments in foreign subsidiaries more exposed to exchange rate fluctuations. We discuss alternative policies for overcoming this trade-off.Los límites a la posición propia en moneda extranjera hacen parte de la regulación financiera de muchos países emergentes. En este trabajo mostramos que dichos límites dejan expuesta la relación de solvencia de los bancos con inversiones en subsidiarias en el extranjero a movimientos del tipo de cambio. El trabajo discute alternativas de política orientadas a solventar el potencial conflicto entre estos dos objetivos de política regulatoria.31 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 10 Enero de 2018https://ideas.repec.org/p/col/000089/015995.htmlLimits to foreign exchange net open positions and capital requirements in emerging economiesLímites a la posición propia en moneda extranjera y requerimientos de capital en economías emergentesDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPForeign exchange open positionsCapital requirementsPolítica económicaCambio exteriorSistema financiero - InvestigacionesG21, F42, F23Facultad de EconomíaPublicationORIGINALdcede2018-10.pdfdcede2018-10.pdfapplication/pdf517367https://repositorio.uniandes.edu.co/bitstreams/8eba7005-db49-45e0-b895-6df940c227ba/download351f1c18843249322c9d6b66079dd4feMD51TEXTdcede2018-10.pdf.txtdcede2018-10.pdf.txtExtracted texttext/plain53656https://repositorio.uniandes.edu.co/bitstreams/86737ea2-5186-425a-8017-7baba9e24a1f/download6003b27d333e1832bcfb558c386e86b2MD54THUMBNAILdcede2018-10.pdf.jpgdcede2018-10.pdf.jpgIM Thumbnailimage/jpeg11362https://repositorio.uniandes.edu.co/bitstreams/8864e8c4-a4e7-49b1-9f62-bf97ffc01f5f/download1e54d62e439250bc6bcb8bf6c05eb5edMD551992/8849oai:repositorio.uniandes.edu.co:1992/88492024-06-04 15:28:43.23http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Limits to foreign exchange net open positions and capital requirements in emerging economies
dc.title.alternative.none.fl_str_mv Límites a la posición propia en moneda extranjera y requerimientos de capital en economías emergentes
title Limits to foreign exchange net open positions and capital requirements in emerging economies
spellingShingle Limits to foreign exchange net open positions and capital requirements in emerging economies
Foreign exchange open positions
Capital requirements
Política económica
Cambio exterior
Sistema financiero - Investigaciones
G21, F42, F23
title_short Limits to foreign exchange net open positions and capital requirements in emerging economies
title_full Limits to foreign exchange net open positions and capital requirements in emerging economies
title_fullStr Limits to foreign exchange net open positions and capital requirements in emerging economies
title_full_unstemmed Limits to foreign exchange net open positions and capital requirements in emerging economies
title_sort Limits to foreign exchange net open positions and capital requirements in emerging economies
dc.creator.fl_str_mv Hofstetter Gascón, Marc - 1973
López Gaviria, José Ignacio
Urrutia Montoya, Miguel
dc.contributor.author.none.fl_str_mv Hofstetter Gascón, Marc - 1973
López Gaviria, José Ignacio
Urrutia Montoya, Miguel
dc.subject.keyword.none.fl_str_mv Foreign exchange open positions
Capital requirements
topic Foreign exchange open positions
Capital requirements
Política económica
Cambio exterior
Sistema financiero - Investigaciones
G21, F42, F23
dc.subject.armarc.none.fl_str_mv Política económica
Cambio exterior
Sistema financiero - Investigaciones
dc.subject.jel.none.fl_str_mv G21, F42, F23
description Many emerging economies have regulatory limits on foreign exchange rates net open positions of banks. We show that such limits leave the capital adequacy ratios of banks with investments in foreign subsidiaries more exposed to exchange rate fluctuations. We discuss alternative policies for overcoming this trade-off.
publishDate 2018
dc.date.accessioned.none.fl_str_mv 2018-09-27T16:58:04Z
dc.date.available.none.fl_str_mv 2018-09-27T16:58:04Z
dc.date.issued.none.fl_str_mv 2018
dc.type.spa.fl_str_mv Documento de trabajo
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dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/workingPaper
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format http://purl.org/coar/resource_type/c_8042
dc.identifier.issn.none.fl_str_mv 1657-5334
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dc.identifier.eissn.none.fl_str_mv 1657-7191
dc.identifier.doi.none.fl_str_mv 10.57784/1992/8849
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
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identifier_str_mv 1657-5334
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10.57784/1992/8849
instname:Universidad de los Andes
reponame:Repositorio Institucional Séneca
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url http://hdl.handle.net/1992/8849
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 10 Enero de 2018
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/015995.html
dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
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rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 31 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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