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.
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 ...
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.
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.
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:
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.
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.
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:
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.
Download or read book Central Banks and Monetary Regimes in Emerging Countries written by Fernando Ferrari-Filho and published by Edward Elgar Publishing. This book was released on 2023-01-17 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the recent trends of monetary policy in Latin America. It analyzes how the actions of central banks and the monetary regimes of some Latin American countries have affected the economic performance of these countries, mainly in response to the international financial crisis (IFC) and COVID-19 crisis.
Download or read book Economic Policy Alternatives for the Latin American Crisis written by Joan B. Anderson and published by Taylor & Francis. This book was released on 2023-07-21 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1990 Economic Policy Alternatives for the Latin American Crisis aims to explore macroeconomic policy alternatives available to Latin American policymakers from both a theoretical and an empirical perspective. Three decades of sustained growth and dramatic gains in levels of economic development in Latin America ended in the 1980s. Latin American countries found themselves plagued by foreign debts, high real interest rates, accelerated inflation, increasing poverty with malnutrition and high unemployment. This book presents a quantitative framework in which to evaluate the effectiveness of various types of monetary and fiscal policies under the conditions of inflation, declining growth, and debt. A macroeconomic policy model is constructed and using data from Ecuador the model is estimated empirically. The results of these simulations suggest some promising policy options to replace the current policy. This book is an interesting read for scholars and researchers of Latin American economics, macroeconomics and development economics.
Download or read book Building Blocks for Effective Macroprudential Policies in Latin America written by Patrick A. Imam and published by International Monetary Fund. This book was released on 2012-07-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in Latin America and examines key issues to consider when designing the institutional foundations for effective macroprudential policies. The paper focuses primarily on eight Latin American countries, where the institutional arrangements for monetary and financial policies can be classified in two distinct groups: the "Pacific" model that includes Chile, Colombia, Peru, Costa Rica, and Mexico, and the "Atlantic" model, comprising Argentina, Brazil, and Uruguay.
Download or read book Monetary Stability in Latin America written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 2000 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Including a Symposium on Latin American Monetary Thought written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2018-11-20 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to general research contributions, volume 36C features a symposium edited by Andrés Álvarez on monetary economics in post-independence Latin America. The symposium features contributions from Matías Vernengo and Esteban Pérez Caldentey, Ricardo Solis Rosales, Florencia Sember, and Edna Carolina Sastoque Ramírez.
Download or read book The Oxford Handbook of Latin American Economics written by José Antonio Ocampo and published by Oxford University Press, USA. This book was released on 2011-07-28 with total page 959 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.
Download or read book Modern Exchange rate Regimes Stabilisation Programmes and Co ordination of Macroeconomic Policies written by Maria Luiza Falcão Silva and published by Routledge. This book was released on 2018-08-17 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published in 1999, this work analyzes the phenomenon of macroeconomic adjustment, with special emphasis on selected Latin American countries facing stabilization programmes. It provides a historical description of the origins, functioning and collapse of exchange-rate regimes from the international classical gold standard period to modern arrangements. The author supports the argument that systemic asymmetries in the worldwide adjustment mechanism are inherent in the international monetary system. The recent theoretical literature dealing with the rules vs discretion debate and its interaction with the credibility issue is reviewed. This topic is intrinsically related to the dispute over the appropriate role of exchange-rate anchors in disinflation programmes. Against a background of academic dispute between advocates of exchange-rate prescriptions and monetary conceptions, the contrasting views of different theorists regarding the choice of exchange rate regimes are presented and assessed. Finally, a comparative analysis of recent experiments in Argentina, Brazil, Chile and Mexico with exchange-rate based disinflation stabilization programmes is undertaken. The problems that have arisen while establishing new institutional arrangements, such as new currency or a policy rule for monetary base creation, are examined.
Download or read book How Optimal are the Extremes written by Ricardo Ffrench-Davis and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
