06044oam 22012734 450 991097398580332120250426110533.09781475536812147553681X(CKB)3710000000907170(Au-PeEL)EBL4723334(CaPaEBR)ebr11287237(CaONFJC)MIL964699(OCoLC)960974806(IMF)CCBLAEE(IMF)CCBLAEA(MiAaPQ)EBC4723334CCBLAEA(EXLCZ)99371000000090717020020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierChallenges for Central Banking : Perspectives from Latin America /Luis Jácome, Yan Carriere-Swallow, Hamid Faruqee, Krishna Srinivasan1st ed.Washington, D.C. :International Monetary Fund,2016.1 online resource (273 pages)9781475536829 1475536828 9781513591766 1513591762 Includes bibliographical references at the end of each chapters and index.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.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.BooksBanks and banking, CentralLatin AmericaBanks and BankingimfForeign ExchangeimfInflationimfMacroeconomicsimfMoney and Monetary PolicyimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfPrice LevelimfDeflationimfMonetary PolicyimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfInterest Rates: Determination, Term Structure, and EffectsimfMonetary economicsimfBankingimfCurrencyimfForeign exchangeimfFinanceimfReserve requirementsimfCreditimfMacroprudential policyimfPricesimfMonetary policyimfMoneyimfExchange ratesimfFinancial sector policy and analysisimfBanks and bankingimfInterest ratesimfBrazilimfBanks and banking, CentralBanks and BankingForeign ExchangeInflationMacroeconomicsMoney and Monetary PolicyBanksDepository InstitutionsMicro Finance InstitutionsMortgagesPrice LevelDeflationMonetary PolicyMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralInterest Rates: Determination, Term Structure, and EffectsMonetary economicsBankingCurrencyForeign exchangeFinanceReserve requirementsCreditMacroprudential policyPricesMonetary policyMoneyExchange ratesFinancial sector policy and analysisBanks and bankingInterest rates332.1098Jácome Luis1450030Carriere-Swallow Yan1450031Faruqee Hamid1810672Srinivasan Krishna1816428International Monetary Fund,DcWaIMFBOOK9910973985803321Challenges for Central Banking4372493UNINA