International experience confirms, time and again, that increases in capital inflows have ended invariably in sudden stops and even reversals. This can occur even if internal financial imbalances are not generated, for reasons that have nothing to do with the recipient country, as can be the case with the anticipation of tighter monetary conditions and an increase in global risk aversion.
Easing liquidity pressure for large internationally active banks by broadening the range of acceptable collateral may contribute to alleviating potential liquidity contagion risks in payment systems, where the bulk of activity normally comes from the largest players, thus having a positive influence on financial stability.