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Using Signal Processing Tools for Regulation Analysis and Implementation

Author

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  • Alejandro Reynoso

    (Centro de Investigacion Economica (CIE), Instituto Tecnologico Autonomo de Mexico (ITAM))

Abstract

Regulators often face the challenge of designing and implementing rules that both, respond to the policy objectives and that can be clearly referred to the day-to-day operations and practices in the marketplace. In many cases, the actual codes end up being a cumbersome collection of conditions that are very difficult to evaluate and re-design. This paper suggests that some of the most commonly used tools in Signal Processing could offer a convenient vehicle for tackling these difficulties. By starting from a SIMULINK(R) model of the regulation of Banco de Mexico on the foreign exchange transactions of commercial banks, this paper offers an example of how those tools could be used in this context.

Suggested Citation

  • Alejandro Reynoso, 2002. "Using Signal Processing Tools for Regulation Analysis and Implementation," Working Papers 0203, Centro de Investigacion Economica, ITAM.
    • Handle: RePEc:cie:wpaper:0203
    as

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    File URL: http://ftp.itam.mx/pub/academico/inves/reynoso/02-03.pdf
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    References listed on IDEAS

    as
    1. Dornbusch, Rudiger & Reynoso, Alejandro, 1989. "Financial Factors in Economic Development," American Economic Review, American Economic Association, vol. 79(2), pages 204-209, May.
    2. Blanco, Herminio & Garber, Peter M, 1986. "Recurrent Devaluation and Speculative Attacks on the Mexican Peso," Journal of Political Economy, University of Chicago Press, vol. 94(1), pages 148-166, February.
    3. Rogers, John H, 1992. "The Currency Substitution Hypothesis and Relative Money Demand in Mexico and Canada," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(3), pages 300-318, August.
    4. Haluk Unal & Miguel Navarro, 1999. "The Technical Process of Bank Privatization in Mexico," Center for Financial Institutions Working Papers 97-42, Wharton School Center for Financial Institutions, University of Pennsylvania.
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