Cover Challenges for Central Banking
Challenges for Central Banking
Perspectives from Latin America
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Abstract

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.

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Author:
Mr. Luis Ignacio Jácome https://isni.org/isni/0000000404811396 International Monetary Fund

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,
Mr. Yan Carriere-Swallow
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,
Mr. Hamid Faruqee
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, and
Mr. Krishna Srinivasan
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Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
04 Oct 2016
DOI:
https://doi.org/10.5089/9781513591766.071
ISBN:
9781513591766
Pages:
272
Keywords:
BOOK; monetary policy; central bank; term premium; credit dollarization; inflation expectation; risk aversion; prudent central bank; pass-through estimate; Inflation; Reserve requirements; Credit; Exchange rates; Macroprudential policy; Global; Central America; Africa
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
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