Monetary Policy Strategies for Latin America

Monetary Policy Strategies for Latin America

The authors examine possible monetary policy strategies for Latin America that may help lock in the gains the region attained in the fight against inflation in the 1990s. Instead of focusing the debate about the conduct of monetary policy on whethe...

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Bibliographic Details
Main Authors:	Mishkin, Frederic S., Savastano, Miguel A.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTABILITY ADJUSTMENT MECHANISM ADVERSE EFFECTS AGGREGATE DEMAND AGGREGATE DEMAND CURVE AGGREGATE SUPPLY AGGREGATE SUPPLY CURVE ASYMMETRIC INFORMATION BANK DEPOSITS BANK OF ENGLAND BANK PANICS BANK RUNS BANKING LAW BANKING SUPERVISION BANKING SYSTEM BENCHMARK BONDS CAPITAL FLIGHT CAPITAL MARKETS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANK LENDING CENTRAL BANKS COMPETITIVENESS CURRENCY BOARD CURRENCY BOARDS CURRENCY RISK DEVALUATION DISCOUNT RATE DISCRETIONARY MONETARY POLICY DISINFLATION DOMESTIC ECONOMY DOMESTIC INTEREST RATES DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC RESEARCH ECONOMICS EMERGING ECONOMIES EMERGING MARKET ECONOMIES EUROPEAN CENTRAL BANK EXCHANGE RATE DEPRECIATION EXCHANGE RATES EXPANSIONARY MONETARY POLICY EXPECTED VALUE EXTERNAL SHOCKS FINANCIAL CRISIS FINANCIAL DEEPENING FINANCIAL INTEGRATION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FIXED EXCHANGE RATE FORECASTS FOREIGN BANKS FOREIGN CURRENCY FOREIGN INTEREST RATES FOREIGN SHOCKS GROWTH RATES HIGH INFLATION INDUSTRIAL COUNTRIES INFLATION RATE INFLATION RATES INFLATION STABILIZATION INFLATION TARGETING INFLATION TARGETS INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES ITC LENDER OF LAST RESORT LENDERS OF LAST RESORT LIQUIDATION LIQUIDITY LOW INTEREST RATES MONETARY AGGREGATES MONETARY AUTHORITIES MONETARY POLICY MONETARY REGIME MONETARY STABILITY MONETARY TARGETING MONEY BASE MONEY DEMAND MONEY GROWTH RATES MONEY SUPPLY NET WORTH NOMINAL ANCHOR NOMINAL EXCHANGE RATE NOMINAL INCOME NOMINAL INTEREST RATE OFFSHORE BANKING OPEN ECONOMIES OPEN MARKETS OUTPUT GROWTH OUTPUT VOLATILITY PENALTIES POLICY INSTRUMENTS POLICY RESEARCH POTENTIAL OUTPUT PRICE STABILITY PRIVATE SECTOR PRIVATIZATION PROTECTIONISM RATE OF INFLATION REAL GDP REAL OUTPUT RESERVE REQUIREMENTS RISK PREMIUM SLOW GROWTH SMALL BANKS SOFT PEGS STABILIZATION PROGRAM TRADABLE GOODS TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE
Online Access:	http://documents.worldbank.org/curated/en/2001/10/1614835/monetary-policy-strategies-latin-america http://hdl.handle.net/10986/19530

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