Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Joel Bogdanski & Alexandre Antonio Tombini & Sergio R. Da C. Werlang, 2001.
"Implementing Inflation Targeting in Brazil,"
Money Affairs, CEMLA, vol. 0(1), pages 1-23, January-J.
- Joel Bogdanski & Alexandre Antonio Tombini & Sérgio Ribeiro da Costa Werlang, 2000. "Implementing Inflation Targeting in Brazil," Working Papers Series 1, Central Bank of Brazil, Research Department.
- Kaminsky, Graciela L & Reinhart, Carmen M, 1998.
"Financial Crises in Asia and Latin America: Then and Now,"
American Economic Review, American Economic Association, vol. 88(2), pages 444-448, May.
- Reinhart, Carmen & Kaminsky, Graciela, 1998. "Financial crises in Asia and Latin America: Then and now," MPRA Paper 13877, University Library of Munich, Germany.
- Reinhart, Carmen & Kaminsky, Graciela, 2000. "Crisis financieras en Asia y Latinoamerica: ahora y entonces [Financial Crises in Asia and Latin America Different: Then and Now]," MPRA Paper 13735, University Library of Munich, Germany.
- Claudio Borio & Anna Zabai, 2018.
"Unconventional monetary policies: a re-appraisal,"
Chapters, in: Peter Conti-Brown & Rosa M. Lastra (ed.), Research Handbook on Central Banking, chapter 20, pages 398-444,
Edward Elgar Publishing.
- Claudio Borio & Piti Disyatat, 2010. "Unconventional Monetary Policies: An Appraisal," Manchester School, University of Manchester, vol. 78(s1), pages 53-89, September.
- Claudio Borio & Piti Disyatat, 2009. "Unconventional monetary policies: an appraisal," BIS Working Papers 292, Bank for International Settlements.
- Claudio Borio & Anna Zabai, 2016. "Unconventional monetary policies: a re-appraisal," BIS Working Papers 570, Bank for International Settlements.
- Mr. Mark R. Stone & Mr. Etienne B Yehoue & Kotaro Ishi, 2009. "Unconventional Central Bank Measures for Emerging Economies," IMF Working Papers 2009/226, International Monetary Fund.
- Crowe, Christopher & Meade, Ellen E., 2008.
"Central bank independence and transparency: Evolution and effectiveness,"
European Journal of Political Economy, Elsevier, vol. 24(4), pages 763-777, December.
- Christopher Crowe & Ellen E. Meade, 2007. "Central Bank Independence and Transparency: Evolution and Effectiveness," Working Papers 2007-20, American University, Department of Economics.
- Mr. Christopher W. Crowe & Ellen E. Meade, 2008. "Central Bank Independence and Transparency: Evolution and Effectiveness," IMF Working Papers 2008/119, International Monetary Fund.
- Mr. Luis Ignacio Jácome, 2008. "Central Bank Involvement in Banking Crises in Latin America," IMF Working Papers 2008/135, International Monetary Fund.
- Mr. Mark R. Stone & W. Christopher Walker & Yosuke Yasui, 2009. "From Lombard Street to Avenida Paulista: Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008–09," IMF Working Papers 2009/259, International Monetary Fund.
- Cukierman, Alex & Webb, Steven B & Neyapti, Bilin, 1992. "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes," The World Bank Economic Review, World Bank, vol. 6(3), pages 353-398, September.
- Mr. Robert Rennhack, 2009. "Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC)," IMF Staff Position Notes 2009/019, International Monetary Fund.
- Leiderman, Leonardo & Maino, Rodolfo & Parrado, Eric, 2006.
"Inflation Targeting in Dollarized Economies,"
Foerder Institute for Economic Research Working Papers
275699, Tel-Aviv University > Foerder Institute for Economic Research.
- Leonardo Leiderman & Rodolfo Maino & Eric Parrado, 2006. "Inflation Targeting in Dollarized Economies," Working Papers Central Bank of Chile 368, Central Bank of Chile.
- Mr. Leonardo Leiderman & Mr. Rodolfo Maino & Mr. Eric Parrado, 2006. "Inflation Targeting in Dollarized Economies," IMF Working Papers 2006/157, International Monetary Fund.
- Mr. Marcel Peter & Mr. Scott Roger & Mr. Geoffrey M Heenan, 2006. "Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications," IMF Working Papers 2006/278, International Monetary Fund.
- International Monetary Fund, 2009. "Adding Latin America to the Global Projection Model," IMF Working Papers 2009/085, International Monetary Fund.
- Robert Rennhack, 2009. "Global Financial Regulatory Reform; Implications for Latin America and the Caribbean (LAC)," IMF Staff Position Notes 2009/19, International Monetary Fund.
- Jácome, Luis I. & Vázquez, Francisco, 2008. "Is there any link between legal central bank independence and inflation? Evidence from Latin America and the Caribbean," European Journal of Political Economy, Elsevier, vol. 24(4), pages 788-801, December.
- Mr. Eric Parrado, 2004. "Singapore's Unique Monetary Policy: How Does it Work?," IMF Working Papers 2004/010, International Monetary Fund.
- International Monetary Fund, 2005. "Latin American Central Bank Reform: Progress and Challenges," IMF Working Papers 2005/114, International Monetary Fund.
- Jorge Canales-Kriljenko & Turgut Kisinbay & Rodolfo Maino & Eric Parrado, 2006.
"Setting the Operational Framework for Producing Inflation Forecasts,"
Working Papers Central Bank of Chile
362, Central Bank of Chile.
- Turgut Kisinbay & Mr. Eric Parrado & Mr. Rodolfo Maino & Mr. Jorge I Canales Kriljenko, 2006. "Setting the Operational Framework for Producing Inflation Forecasts," IMF Working Papers 2006/122, International Monetary Fund.
- Agustin Carstens & Luis I. Jacome H., 2005. "Latin American Central Bank Reform: Progress and Challenges," Macroeconomics 0509022, University Library of Munich, Germany.
- Peter Stella, 2005. "Central Bank Financial Strength, Transparency, and Policy Credibility," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 335-365, September.
- Mr. Scott Roger, 2009. "Inflation Targeting at 20 - Achievements and Challenges," IMF Working Papers 2009/236, International Monetary Fund.
- Mrs. Gilda C Fernandez & Mr. Cem Karacadag & Rupa Duttagupta, 2004. "From Fixed to Float: Operational Aspects of Moving towards Exchange Rate Flexibility," IMF Working Papers 2004/126, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mr. Luis Ignacio Jácome, 2015. "Central Banking in Latin America: From the Gold Standard to the Golden Years," IMF Working Papers 2015/060, International Monetary Fund.
- Jacome H., Luis I. & Saadi Sedik, Tahsin & Townsend, Simon, 2012. "Can emerging market central banks bail out banks? A cautionary tale from Latin America," Emerging Markets Review, Elsevier, vol. 13(4), pages 424-448.
- Ms. Stephanie C Medina Cas & Mr. Alejandro Carrion-Menendez & Ms. Florencia Frantischek, 2011. "Improving the Monetary Policy Frameworks in Central America," IMF Working Papers 2011/245, International Monetary Fund.
- Patrick A. Imam & Erlend Nier & Mr. Luis Ignacio Jácome, 2012. "Building Blocks for Effective Macroprudential Policies in Latin America: Institutional Considerations," IMF Working Papers 2012/183, International Monetary Fund.
- Gómez, Marcos & Medina, Juan Pablo & Valenzuela, Gonzalo, 2019. "Unveiling the objectives of central banks: Tales of four Latin American countries," Economic Modelling, Elsevier, vol. 76(C), pages 81-100.
- Mr. Luis Ignacio Jácome & Tahsin Saadi Sedik & Mr. Simon Townsend, 2011. "Can Emerging Market Central Banks Bail Out Banks? A+L4848 Cautionary Tale From Latin America," IMF Working Papers 2011/258, International Monetary Fund.
- Ms. Stephanie C Medina Cas & Mr. Alejandro Carrion-Menendez & Ms. Florencia Frantischek, 2011. "The Policy Interest-Rate Pass-Through in Central America," IMF Working Papers 2011/240, International Monetary Fund.
- Mr. Yan Carriere-Swallow & Mr. Luis Ignacio Jácome & Mr. Nicolas E Magud & Alejandro M. Werner, 2016. "Central Banking in Latin America: The Way Forward," IMF Working Papers 2016/197, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Héctor Cuasquer & René Maldonado, 2011. "Microfinanzas y microcrédito en Latinoamérica," Boletín, CEMLA, vol. 0(4), pages 179-193, Octubre-d.
- Jorge Iván Canales-Kriljenko & Luis I. Jácome H. & Ali Alichi & Ivan Luis de Oliveira Lima, 2011. "Sorteando la tormenta mundial: beneficios de la reforma de política monetaria en cinco países latinoamericanos," Boletín, CEMLA, vol. 0(4), pages 194-226, Octubre-d.
- Mr. Luis Ignacio Jácome, 2015. "Central Banking in Latin America: From the Gold Standard to the Golden Years," IMF Working Papers 2015/060, International Monetary Fund.
- Arnone, Marco & Romelli, Davide, 2013. "Dynamic central bank independence indices and inflation rate: A new empirical exploration," Journal of Financial Stability, Elsevier, vol. 9(3), pages 385-398.
- Bodea, Cristina & Hicks, Raymond, 2015. "Price Stability and Central Bank Independence: Discipline, Credibility, and Democratic Institutions," International Organization, Cambridge University Press, vol. 69(1), pages 35-61, January.
- Petreski, Marjan, 2013. "Inflation targeting at the crossroads: Evidence from post-communist economies during the crisis," MPRA Paper 47018, University Library of Munich, Germany.
- Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
- Hielscher, Kai & Markwardt, Gunther, 2012.
"The role of political institutions for the effectiveness of central bank independence,"
European Journal of Political Economy, Elsevier, vol. 28(3), pages 286-301.
- Kai Hielscher & Gunther Markwardt, 2011. "The Role of Political Institutions for the Effectiveness of Central Bank Independence," CESifo Working Paper Series 3396, CESifo.
- Masciandaro, Donato & Romelli, Davide, 2015.
"Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics,"
Financial History Review, Cambridge University Press, vol. 22(3), pages 259-289, December.
- Donato Masciandaro & Davide Romelli, 2015. "Ups and Downs. Central Bank Independence from the Great Inflation to the Great Recession: Theory, Institutions and Empirics," BAFFI CAREFIN Working Papers 1503, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Adriana Kugler, 2024. "Central Bank Independence and the Conduct of Monetary Policy: A speech at the Albert Hirschman Lecture, 2024 Annual Meeting of the Latin American and Caribbean Economic Association and the Latin Ameri," Speech 99068, Board of Governors of the Federal Reserve System (U.S.).
- Tamim Bayoumi & Giovanni Dell'Ariccia & Karl F Habermeier & Tommaso Mancini Griffoli & Fabian Valencia, 2014. "Monetary Policy in the New Normal," IMF Staff Discussion Notes 14/3, International Monetary Fund.
- Ms. Stephanie C Medina Cas & Mr. Alejandro Carrion-Menendez & Ms. Florencia Frantischek, 2011. "Improving the Monetary Policy Frameworks in Central America," IMF Working Papers 2011/245, International Monetary Fund.
- Davide Romelli, 2022.
"The political economy of reforms in Central Bank design: evidence from a new dataset,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 37(112), pages 641-688.
- Davide Romelli, 2018. "The political economy of reforms in central bank design: evidence from a new dataset," Trinity Economics Papers tep0918, Trinity College Dublin, Department of Economics.
- Hove, Seedwell & Tchana Tchana, Fulbert & Touna Mama, Albert, 2017.
"Do monetary, fiscal and financial institutions really matter for inflation targeting in emerging market economies?,"
Research in International Business and Finance, Elsevier, vol. 39(PA), pages 128-149.
- Albert Touna-Mama & Fulbert Tchana Tchana & Seedwell Hove, 2011. "Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies?," Working Papers 247, Economic Research Southern Africa.
- Ms. Stephanie C Medina Cas & Mr. Alejandro Carrion-Menendez & Ms. Florencia Frantischek, 2011. "The Policy Interest-Rate Pass-Through in Central America," IMF Working Papers 2011/240, International Monetary Fund.
- Najia Maraoui & Thouraya Hadj Amor & Islem Khefacha & Christophe Rault, 2021.
"How Economic, Political, and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region,"
Working Papers
1498, Economic Research Forum, revised 20 Oct 2021.
- Nejia Maroui & Thouraya Hadj Amor & Islem Khefacha & Christophe Rault, 2022. "How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region," Post-Print hal-03810504, HAL.
- Najia Maraoui & Thouraya Hadj Amor & Islem Khefacha & Christophe Rault, 2022. "How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region," CESifo Working Paper Series 9709, CESifo.
- Maraoui, Najia & Amor, Thouraya Hadj & Khefacha, Islem & Rault, Christophe, 2022. "How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region," IZA Discussion Papers 15234, Institute of Labor Economics (IZA).
- Meisel, Adolfo & Barón, Juan D., 2010.
"A historical analysis of central bank independence in Latin America: the Colombian experience, 1923-2008,"
Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 28(1), pages 83-102, March.
- Adolfo Meisel & Juan David Barón, 2009. "A Historical Analysis of Central Bank Independence in Latin America: The Colombian Experience, 1923-2008," Borradores de Economia 5788, Banco de la Republica.
- Adolfo Meisel & Juan D.Barón, 2009. "A Historical Analysis of Central Bank Independence in Latin America: The Colombian Experience, 1923-2008," Borradores de Economia 573, Banco de la Republica de Colombia.
- López-Villavicencio, Antonia & Pourroy, Marc, 2019.
"Does inflation targeting always matter for the ERPT? A robust approach,"
Journal of Macroeconomics, Elsevier, vol. 60(C), pages 360-377.
- Antonia Lopez Villavicencio & Marc Pourroy, 2019. "Does Inflation Targeting Always Matter for the ERPT? A robust approach," Post-Print hal-02082568, HAL.
- Julien Pinter, 2018.
"Does Central Bank Financial Strength Really Matter for Inflation? The Key Role of the Fiscal Support,"
Open Economies Review, Springer, vol. 29(5), pages 911-952, November.
- Julien Pinter, 2017. "Central bank financial strength and inflation: an empirical reassessment considering the key role of the fiscal support," Post-Print halshs-01660945, HAL.
- Julien Pinter, 2017. "Central bank financial strength and inflation: an empirical reassessment considering the key role of the fiscal support," Documents de travail du Centre d'Economie de la Sorbonne 17055, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Julien Pinter, 2017. "Central bank financial strength and inflation: an empirical reassessment considering the key role of the fiscal support," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01660945, HAL.
- Adolfo Meisel Roca. & Juan David Barón., 2010.
"Un análisis histórico de la independencia de la banca central en América Latina: la experiencia colombiana, 1923-2008,"
Cuadernos de Historia Económica
25, Banco de la Republica de Colombia.
- Adolfo Meisel & Juan D. Barón, 2010. "Un análisis histórico de la independencia de la banca central en América Latina: la experiencia colombiana, 1923-2008," Cuadernos de Historia Económica 6406, Banco de la República, Economía Regional.
More about this item
Keywords
WP; foreign exchange; inflation expectation; financial crisis; annual percentage rate; economic activity; legislation data base;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2010/292. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.