{
  "title": "Challenges for Central Banking: Perspectives from Latin America",
  "publication": "Books, October 4, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- In the wake of the 2008–09 global financial crisis, central banking and monetary policy entered unchartered waters and came under intense pressure.\n- Central bank operations have been modified or expanded in unprecedented and even unimaginable ways given the circumstances.\n- A fundamental rethinking of central banking and its policy frameworks has been taking place.\n- The volume represents a multilateral effort to help close gaps in knowledge about the critical challenges facing central banks in Latin America.\n- Structure of the volume:\n  - First section: panoramic overview of policy progress to date and challenges ahead.\n  - Second section: examination of spillovers and monetary independence.\n  - Final section: reexamination of macroprudential and monetary policies and policy frameworks from the perspective of central bank staff members from the region."
    },
    {
      "heading": "Key findings and thematic emphasis",
      "content": "- Central banking has been reshaped substantially since the 2008–09 global financial crisis, affecting the breadth and scale of operations.\n- The book emphasizes both policy progress and unresolved challenges for Latin American central banks.\n- Spillovers and the tradeoff with monetary independence are highlighted as a central concern.\n- Macroprudential tools and the interaction between macroprudential and monetary policy are reexamined from regional central bank perspectives."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Banking, Credit, Exchange rates, Financial sector policy and analysis, Foreign exchange, Inflation, Macroprudential policy, Monetary policy, Money, Prices, Reserve requirements\n- Keywords: Africa, BOOK, Central America, central bank, Credit, credit dollarization, Exchange rates, Global, Inflation, inflation expectation, Macroprudential policy, monetary policy, pass-through estimate, prudent central bank, Reserve requirements, risk aversion, term premium\n\n---\n\n Content in this bundle\n\n- 23753 9781475552904\n  - 23753 9781475552904 (PDF){rel=\"external\" type=\"text/html; charset=UTF-8\"}\n\n---\n\nSource: https://www.imf.org/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726"
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    "Authors: Luis Ignacio Jácome, Yan Carriere-Swallow, Hamid Faruqee, Krishna Srinivasan",
    "Published: October 4, 2016",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781513591766.071",
    "In the wake of the 2008–09 global financial crisis, central banking and monetary policy entered unchartered waters and came under intense pressure.",
    "Central bank operations have been modified or expanded in unprecedented and even unimaginable ways given the circumstances.",
    "A fundamental rethinking of central banking and its policy frameworks has been taking place.",
    "The volume represents a multilateral effort to help close gaps in knowledge about the critical challenges facing central banks in Latin America.",
    "Structure of the volume:",
    "Central banking has been reshaped substantially since the 2008–09 global financial crisis, affecting the breadth and scale of operations.",
    "The book emphasizes both policy progress and unresolved challenges for Latin American central banks.",
    "Spillovers and the tradeoff with monetary independence are highlighted as a central concern.",
    "Macroprudential tools and the interaction between macroprudential and monetary policy are reexamined from regional central bank perspectives.",
    "Subjects: Banking, Credit, Exchange rates, Financial sector policy and analysis, Foreign exchange, Inflation, Macroprudential policy, Monetary policy, Money, Prices, Reserve requirements",
    "Keywords: Africa, BOOK, Central America, central bank, Credit, credit dollarization, Exchange rates, Global, Inflation, inflation expectation, Macroprudential policy, monetary policy, pass-through estimate, prudent central bank, Reserve requirements, risk aversion, term premium",
    "**23753 9781475552904**"
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