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Limits to Foreign Exchange Net Open Positions and Capital Requirements in Emerging Economies
Abstract

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.

Autores:
Marc Hofstetter, Jose Ignacio Lopez, Miguel Urrutia
Palabras clave:
Foreign Exchange Open Positions, Capital Requirements
Archivo:
Año:
2018
Mes:
Enero
Número:
10