Currency Mismatch in the Banking Sector in Latin America and the Caribbean

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2017-04-01 DOI:10.36095/BANXICO/DI.2017.05

Martin Tobal

引用次数: 11

Abstract

Existing literature uses data based on the residence principle to proxy for currency mismatch. Nonetheless, these data are frequently not disaggregated by currency and cannot identify mismatches in the domestic market. This paper circumvents these issues by constructing a new data set on foreign currency assets and liabilities in the banking sector in Latin America and the Caribbean. The new data reveal a reduction in long foreign currency positions, with several countries taking short positions after 2006. Moreover, employing a methodology that accounts for time-varying unobservable characteristics, this reduction is shown to be partially explained by the implementation of prudential policies.

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拉丁美洲和加勒比地区银行业的货币错配

现有文献采用基于居住原则的数据来代表货币错配。然而，这些数据往往没有按货币分类，也无法识别国内市场的错配。本文通过构建拉丁美洲和加勒比地区银行部门外币资产和负债的新数据集来规避这些问题。新数据显示，外汇多头头寸减少，一些国家在2006年之后建立了空头头寸。此外，采用一种考虑时变不可观察特征的方法，这种减少可以部分地由审慎政策的实施来解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.