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Chapter 6 Intervention under Inflation Targeting »
Source: Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America
Series: Miscellaneous Publication (Other)
Author(s): International Monetary Fund. Western Hemisphere Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 January 2019
ISBN: FXILAEAEX
This chapter takes a close look at the experience with intervention under inflation- targeting frameworks in Latin America. In particular, it discusses the challenges of combinin...

Chapter 1 Introduction: Book in Brief »
Source: Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America
Series: Miscellaneous Publication (Other)
Author(s): International Monetary Fund. Western Hemisphere Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 January 2019
ISBN: FXILAEAEX
There is a growing interest in the use of foreign exchange intervention as a policy tool, particularly in emerging markets. Yet our understanding of many aspects of foreign exchange intervention...

Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America »
Series: Miscellaneous Publication (Other)
Author(s): International Monetary Fund. Western Hemisphere Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 January 2019
DOI: http://dx.doi.org/10.5089/FXILAEAEX.073
ISBN: FXILAEAEX
Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin...

Front Matter »
Source: Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America
Series: Miscellaneous Publication (Other)
Author(s): International Monetary Fund. Western Hemisphere Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 January 2019
ISBN: FXILAEAEX
Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin...

Chapter 5. Barriers to Integration for Pension Funds »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
Pension funds are becoming increasingly important in financial markets in the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay). The size of these pension funds has surpassed 17 percent of GD...

Chapter 3. Barriers to Integration in Banking »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
Figure 3.1). Since the liberalization of financial systems in the 1990s, most assets in the LA-7 countries are with private banks (about 60 percent of LA-7 GDP), while assets in public banks rem...

Chapter 6. Barriers to Integration in Capital Markets »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
Figure 6.1). In dollar terms, the largest bond and equity markets are in Brazil and Mexico. Despite solid market capitalizations, low trading volumes are a growing concern. Shrinking liquidity i...

Chapter 4. Barriers to Integration in the Insurance Sector »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
In the countries that make up the LA-7 (Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay), insurance penetration (measured by premiums in percent of GDP) remains low, ranging from 1 to 4 percentage...

Chapter 2. Benefits of More Global and Regional Financial Integration in Latin America »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
After a period of endemic economic and financial crises during the 1980s to 1990s, many Latin American countries opened up their previously closed economies to international financial institutions at the tur...

Chapter 1. Introduction »
Source: Financial Integration in Latin America : A New Strategy for a New Normal
Series: Books
Author(s): Charles Enoch , Wouter Bossu , Carlos Caceres , and Diva Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 April 2017
ISBN: 9781513520247
Keywords: Cross-border banking, Financial integration, Latin American regional banking, commodity supercycle, fragmentation, international banking system, growth, policymaking, Latin America, regional financial integration
Many factors indicate that now may be the time for Latin American economies to work toward greater regional financial integration. This would not be a substitute for wider integration in the world economy; s...