Monetary Policy Strategies For Latin America

Author : Frederic S. Mishkin
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Download or read book Monetary Policy Strategies for Latin America written by Frederic S. Mishkin and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Instead of focusing the debate about the conduct of monetary policy on whether the nominal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.

Author : Frederic S. Mishkin
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.59/5 ( download)

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Download or read book Monetary Policy Strategies for Latin America written by Frederic S. Mishkin and published by . This book was released on 2016 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Instead of focusing the d ...

Author : Mr.Marcos d Chamon
Publisher : International Monetary Fund
ISBN 13 : 1484375688
Total Pages : 320 pages
Book Rating : 4.86/5 ( download)

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Download or read book Foreign Exchange Intervention in Inflation Targeters in Latin America written by Mr.Marcos d Chamon and published by International Monetary Fund. This book was released on 2019-02-28 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries adopted floating exchange rate regimes and inflation targeting while continuing to intervene in foreign exchange markets. This edited volume reviews detailed accounts from several Latin American countries’ central banks, and it provides insight into how and with what aim many interventions were decided and implemented. This book documents the effectiveness of intervention and pays special attention to the role of foreign exchange intervention policy within inflation-targeting monetary frameworks. The main lesson from Latin America’s foreign exchange interventions, in the context of inflation targeting, is that the region has had a considerable degree of success. Transparency and a clear communication policy have been key. For economies that are not highly dollarized, rules-based intervention helped contain financial instability and build international reserves while preserving inflation targets. The Latin American experience can help other countries in the design and implementation of their policies.

Author : Nader Nazmi
Publisher : Routledge
ISBN 13 : 1315286238
Total Pages : 217 pages
Book Rating : 4.35/5 ( download)

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Download or read book Economic Policy and Stabilization in Latin America written by Nader Nazmi and published by Routledge. This book was released on 2016-09-16 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed analysis of economic policy in Latin America with particular attention devoted to the problem of controlling inflation and stabilization. Contents include an analysis of economic policies of the 1990s; country case studies of Brazil, Chile, Mexico, Argentina, and Bolivia; a thorough review of competing paradigms; a comparison of monitarist and structuralist approaches to the problem; mathematical and statistical modeling.

Author : Rolf J. Langhammer
Publisher : Springer Science & Business Media
ISBN 13 : 3540282017
Total Pages : 261 pages
Book Rating : 4.13/5 ( download)

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Download or read book Monetary Policy and Macroeconomic Stabilization in Latin America written by Rolf J. Langhammer and published by Springer Science & Business Media. This book was released on 2007-08-07 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth—to a substantial degree linked to the increase in commodity prices, especially since the early 2000s—seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus— embraced by both sides of the political spectrum—towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.

Author : Pierre Uri
Publisher : Greenwood
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.35/5 ( download)

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Download or read book A Monetary Policy for Latin America written by Pierre Uri and published by Greenwood. This book was released on 1968 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Fernando Toledo
Publisher : Edward Elgar Publishing
ISBN 13 : 1802200703
Total Pages : 305 pages
Book Rating : 4.06/5 ( download)

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Download or read book Monetary Policy Challenges in Latin America written by Fernando Toledo and published by Edward Elgar Publishing. This book was released on 2023-10-06 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking book analyses the severe monetary policy challenges facing Latin American countries. Contributors reflect on how these issues should be addressed by policy-makers, identifying the need for a synergic response from regional central banks.

Author : Mr.Luis Ignacio Jácome
Publisher : International Monetary Fund
ISBN 13 : 1484303180
Total Pages : 57 pages
Book Rating : 4.84/5 ( download)

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Download or read book Central Banking in Latin America written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2015-03-17 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.

Author : Pierre Uri
Publisher :
ISBN 13 :
Total Pages : 147 pages
Book Rating : 4.96/5 ( download)

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Download or read book A monetary policy for Latin America written by Pierre Uri and published by . This book was released on 1968 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Andrew Berg
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.03/5 ( download)

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Download or read book An Evaluation of Monetary Regime Options for Latin America written by Andrew Berg and published by International Monetary Fund. This book was released on 2002-12 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other, and are affected by common international financial shocks only to the same extent as the average pair of emerging markets. Unilateral dollarization would be desirable only for those countries where there are strong links to the U.S. economy, the credibility of the monetary authorities is irreversibly lost, and there is keen demand for dollar-denominated financial assets. Finally, some countries in the region seem to be good candidates for meaningful and useful floating.