José De Gregorio: Macroprudential regulation, financial stability and capital flows
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چکیده
I would like to focus on two issues: capital inflows, which is a very relevant issue for emerging market economies, and the recent agreement of the Basel Committee on Banking Regulation. For this purpose I will start with a brief review of some facts regarding capital inflows. Then I will discuss the policy toolkit to deal with them. I will take a look from a macro perspective and then from the point of view of financial stability. Finally I will make some comments on the Basel agreements, focusing on the Chilean banking system and its financial regulation framework.
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