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The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches
Maria del Mar CachaMr.Armando Méndez Morales
出版International Monetary Fund, 2003-11-01
主題Business & Economics / Money & Monetary PolicyBusiness & Economics / Banks & BankingBusiness & Economics / Foreign Exchange
ISBN14518751939781451875195
URLhttp://books.google.com.hk/books?id=hIUYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines to counteract this risk, countries have resorted to outright regulatory limits in cases of moderate dollarization and to undesirable exchange controls in other cases. This paper proposes a "specific-to-group" provision rule based on the effective borrowing cost differential between domestic and foreign currency. Such a rule would help internalize the corresponding risks for banks and their borrowers in line with internationally accepted prudential and accounting standards.