1.

Record Nr.

UNINA9910973985803321

Autore

Jácome Luis

Titolo

Challenges for Central Banking : : Perspectives from Latin America / / Luis Jácome, Yan Carriere-Swallow, Hamid Faruqee, Krishna Srinivasan

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2016

ISBN

9781475536812

147553681X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (273 pages)

Altri autori (Persone)

Carriere-SwallowYan

FaruqeeHamid

SrinivasanKrishna

Disciplina

332.1098

Soggetti

Banks and banking, Central - Latin America

Banks and Banking

Foreign Exchange

Inflation

Macroeconomics

Money and Monetary Policy

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Price Level

Deflation

Monetary Policy

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Interest Rates: Determination, Term Structure, and Effects

Monetary economics

Banking

Currency

Foreign exchange

Finance

Reserve requirements

Credit

Macroprudential policy

Prices

Monetary policy

Money



Exchange rates

Financial sector policy and analysis

Banks and banking

Interest rates

Brazil

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references at the end of each chapters and index.

Nota di contenuto

Cover -- Table of Contents -- Foreword -- Acknowledgments -- Contributors -- 1 Introduction: Latin America's Central Banking Challenges-Past, Present, and Future -- PART I: PROGRESS AND CHALLENGES -- 2 A Historical Perspective on Central Banking in Latin America -- 3 Central Banking in Latin America: The Way Forward -- PART II: MONETARY INDEPENDENCE IN AN INTEGRATED WORLD -- 4 Implications of Global Financial Integration for Monetary Policy in Latin America -- 5 The Impact of the U.S. Term Premium on Emerging Markets -- 6 Forward Guidance and Prudence in Conducting Monetary Policy -- PART III: MACROPRUDENTIAL POLICIES AND MONETARY FRAMEWORKS -- 7 Financial Stability Objectives: Drivers of Gains from Coordinating Monetary and Macroprudential Policies -- 8 A Brazilian Perspective on Macroprudential and Monetary Policy Interaction -- 9 De-dollarization of Credit in Peru: The Role of Conditional Reserve Requirements -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W.

Sommario/riassunto

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.