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Central banking in Latin America : the way forward

Author: Yan Carrière-SwallowLuis Ignacio JácomeNicolas E MagudAlejandro M WernerInternational Monetary Fund,All authors
Publisher: [Washington, D.C.] : International Monetary Fund, [2016] ©2016
Series: IMF working paper, WP/16/197.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
Latin America’s central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaining challenges facing central banking in the region. Where inflation remains high and volatile, achieving durable price stability will require making central banks more independent. Where inflation  Read more...
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Additional Physical Format: Print Version:
Carriere-Swallow, Yan
Central Banking in Latin America: The Way Forward
Washington, D.C. : International Monetary Fund,2016
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Yan Carrière-Swallow; Luis Ignacio Jácome; Nicolas E Magud; Alejandro M Werner; International Monetary Fund,; International Monetary Fund. Western Hemisphere Department,
ISBN: 9781475543353 1475543352
OCLC Number: 962063302
Notes: "September 2016."
At head of title: International Monetary Fund, Western Hemisphere Department.
Description: 1 online resource (43 pages) : color illustrations.
Series Title: IMF working paper, WP/16/197.
Responsibility: prepared by Yan Carrière-Swallow, Luis Jácome, Nicolás Magud, and Alejandro Werner.

Abstract:

Latin America’s central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaining challenges facing central banking in the region. Where inflation remains high and volatile, achieving durable price stability will require making central banks more independent. Where inflation targeting regimes are well-established, remaining challenges surround assessments of economic slack, the communication of monetary policy, and clarifying the role of the exchange rate. Finally, macroprudential policies must be coordinated with existing objectives, and care taken to preserve the primacy of price stability.

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