02054cas a2200241 a 4500 AALejournalIMF004632 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928129 1018-5941 BD-DhAAL BD-DhAAL Hartmann, Philipp. Foreign Exchange Risk Regulation : Issues for Industrial and Developing Countries / Philipp Hartmann. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Capital adequacy regulations or quantity restrictions on bank portfolios put forward by the Basle Committee on Banking Supervision have virtually become an international standard of prudential regulation. Recent proposals aim at extending this approach to market risks, in particular to foreign exchange risk. The present paper provides a critical analysis of proposals to introduce foreign exchange position limits on a uniform cross-country basis, focusing on their effectiveness and their possible impact on the functioning of both mature and developing foreign exchange markets. Theoretical considerations are underpinned in the paper with descriptions of existing or proposed regulations, in a broad range of both industrial and developing countries. Experiences with the use of foreign exchange position limits in developing countries provide insight into their widespread use for other than prudential purposes, in particular to support exchange rate and exchange control policies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/141 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/141/001.1994.issue-141-en.xml IMF e-Library