@misc{9956,
title = {Macroprudential Regulations in Andean Countries},
author = {Galindo, Arturo and Rojas-Suárez, Liliana and Del Valle, Marielle},
year = {2013},
doi = {10.18235/0008426},
abstract = {The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial institutions were taking on their individual balance sheets (a micro-prudential approach) was inadequate to preserve financial system stability. This policy brief deals with advances in the Andean countries regarding the implementation of macro-prudential financial regulations; that is, regulations that take into account risks at the systemic level. We focus specially on three regulatory tools: liquidity requirements, counter-cyclical capital requirements and counter-cyclical loan-loss provisioning requirements.},
url = {https://doi.org/10.18235/0008426}
}