Central Banking in Latin America is popular PDF and ePub book, written by Mr.Luis Ignacio Jácome in 2015-03-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Central Banking in Latin America can be Read Online from any device for your convenience.
Central Banking in Latin America Book PDF Summary
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.
Detail Book of Central Banking in Latin America PDF
- Author : Mr.Luis Ignacio Jácome
- Release : 17 March 2015
- Publisher : International Monetary Fund
- ISBN : 9781484303184
- Genre : Business & Economics
- Total Page : 57 pages
- Language : English
- PDF File Size : 10,9 Mb
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