Challenges for Central Banking: Perspectives from Latin America

A multilateral effort to provide perspectives on critical challenges presented by changes confronting central banks in Latin America.
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Publication date: October 2016
ISBN: 9781513591766
$30.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , BOOK , monetary policy , central bank , term premium , credit dollarization , inflation expectation , risk aversion , prudent central bank , pass-through estimate , Inflation , Reserve requirements , Credit , Exchange rates , Macroprudential policy , Global , Central America , Africa

Summary

In the wake of the 2008–09 global financial crisis, central banking and monetary policy in many corners of the world came under intense pressure and entered unchartered waters. The breadth and scale of central bank operations have been modified or expanded in unprecedented and even unimaginable ways given the circumstances. Additionally, a fundamental rethinking of central banking and its policy frameworks has been taking place. This volume reflects a multilateral effort to help close the gap in our knowledge in meeting the critical challenges presented by these significant changes, in particular, those confronting central banks in Latin America. The volume’s first section provides a panoramic overview of the policy progress made to date and the challenges that lie ahead. The related issue of spillovers and monetary independence is taken up more fully in the next section. The final section presents chapters that reexamine macroprudential and monetary policies and policy frameworks from the perspective of central bank staff members from the region.