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Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean

Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean »

Source: Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean

Volume/Issue: 2005/75

Series: IMF Working Papers

Author(s): Luis Jácome , and Francisco Vazquez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451860948

Keywords: structural reform, Latin America, central bank, central banks, monetary policy, monetary fund, Latin Amercia,

This paper reviews central bank legislation in 24 countries in Latin America and the Caribbean during the 1990s. Using panel regressions, we find a negative relationship between legal central bank independence (CBI...

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic »

Source: Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic

Volume/Issue: 2019/39

Series: IMF Working Papers

Author(s): Valentina Flamini , Pierluigi Bologna , Fabio Di Vittorio , and Rasool Zandvakil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2019

ISBN: 9781484397992

Keywords: Exchange rate policy, Credit booms, Central banks, Credit pricing, Credit risk, Credit cycle;Financial crises;Countercyclical capital buffer;Basel III;CPI inflation;GFC;countercyclical;synchronicity

Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is...

Fintech in Latin America and the Caribbean: Stocktaking

Fintech in Latin America and the Caribbean: Stocktaking »

Source: Fintech in Latin America and the Caribbean: Stocktaking

Volume/Issue: 2019/71

Series: IMF Working Papers

Author(s): Pelin Berkmen , Kimberly Beaton , Dmitry Gershenson , Javier Arze del Granado , Kotaro Ishi , Meeyeon Kim , Emanuel Kopp , and Marina Rousset

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2019

ISBN: 9781498303248

Keywords: Central banks, Central bank role, Central bank legislation, Central bank accounting, Bank credit, Fintech, cross border payments, financial sector, financial regulation, financial stability and integrity

In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innov...

A Model for Financial Programming

A Model for Financial Programming »

Volume/Issue: 1998/80

Series: IMF Working Papers

Author(s): Jan Mikkelsen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

DOI: http://dx.doi.org/10.5089/9781451850277.001

ISBN: 9781451850277

Keywords: Financial programming, simulation models, economic growth, inflation, central bank, price level, foreign exchange, gdp deflator

This paper presents a simple simulation model that enables the formulation of a consistent growth-oriented, medium-term adjustment program. The applied version is available in Excel (using data for El Salvador) and...

Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean

Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean »

Volume/Issue: 2005/75

Series: IMF Working Papers

Author(s): Luis Jácome , and Francisco Vazquez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

DOI: http://dx.doi.org/10.5089/9781451860948.001

ISBN: 9781451860948

Keywords: structural reform, Latin America, central bank, central banks, monetary policy, monetary fund, Latin Amercia,

This paper reviews central bank legislation in 24 countries in Latin America and the Caribbean during the 1990s. Using panel regressions, we find a negative relationship between legal central bank independence (CBI...

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic

Credit Cycle and Capital Buffers in Central America, Panama, and the Dominican Republic »

Volume/Issue: 2019/39

Series: IMF Working Papers

Author(s): Valentina Flamini , Pierluigi Bologna , Fabio Di Vittorio , and Rasool Zandvakil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2019

DOI: http://dx.doi.org/10.5089/9781484397992.001

ISBN: 9781484397992

Keywords: Exchange rate policy, Credit booms, Central banks, Credit pricing, Credit risk, Credit cycle;Financial crises;Countercyclical capital buffer;Basel III;CPI inflation;GFC;countercyclical;synchronicity

Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is...

Fintech in Latin America and the Caribbean: Stocktaking

Fintech in Latin America and the Caribbean: Stocktaking »

Volume/Issue: 2019/71

Series: IMF Working Papers

Author(s): Pelin Berkmen , Kimberly Beaton , Dmitry Gershenson , Javier Arze del Granado , Kotaro Ishi , Meeyeon Kim , Emanuel Kopp , and Marina Rousset

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2019

DOI: http://dx.doi.org/10.5089/9781498303248.001

ISBN: 9781498303248

Keywords: Central banks, Central bank role, Central bank legislation, Central bank accounting, Bank credit, Fintech, cross border payments, financial sector, financial regulation, financial stability and integrity

In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innov...

Implementing Official Dollarization

Implementing Official Dollarization »

Volume/Issue: 2010/106

Series: IMF Working Papers

Author(s): Åke Lönnberg , and Luis Jácome

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781455200658.001

ISBN: 9781455200658

Keywords: Central bank, exchange rate, inflation, domestic currency, monetary regime, central banks,

This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critical institutional bases that are necessary to unilatera...

Inflation Performance and Constitutional Central Bank Independence
			: Evidence From Latin America and the Caribbean

Inflation Performance and Constitutional Central Bank Independence : Evidence From Latin America and the Caribbean »

Volume/Issue: 2003/53

Series: IMF Working Papers

Author(s): Eva Gutierrez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

DOI: http://dx.doi.org/10.5089/9781451847406.001

ISBN: 9781451847406

Keywords: Latin American countries, central bank, monetary fund,

This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation performance. Empirical studies for developing countries have not found a relationship between...

Monetary Policy Rules for Financially Vulnerable Economies

Monetary Policy Rules for Financially Vulnerable Economies »

Volume/Issue: 2003/39

Series: IMF Working Papers

Author(s): Eduardo Morón , and Diego Winkelried

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2003

DOI: http://dx.doi.org/10.5089/9781451845853.001

ISBN: 9781451845853

Keywords: Liability Dollarization, Monetary Policy Rules, exchange rate, inflation, real exchange rate, central bank, Open Economy Macroeconomics,

One distinguishable characteristic of emerging market economies is that they are not financially robust. These economies are incapable of smoothing out large external shocks, as sudden capital outflows imply large...