Series: IMF Working Papers
Author(s): Stephanie Medina Cas , Alejandro Carrion-Menendez , and Florencia Frantischek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2011
Keywords: interest-rate transmission, exchange rate, central bank, exchange rate flexibility, inflation,
Several Central American (CADR) central banks with independent monetary policies have adopted policy interest rates as their main instrument to signal their monetary policy stances, often in the context of adopting...