## Challenges for Central Banking: Perspectives from Latin America

_Books, October 4, 2016_

## Source details

**Canonical URL:** [Challenges for Central Banking: Perspectives from Latin America](https://www.imf.org/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726)

## Other formats

- [Markdown version](/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726/index.md)
- [Structured JSON version](/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726/index.json)
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## Bibliographic details
- 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

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### Overview
- 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:
  - First section: panoramic overview of policy progress to date and challenges ahead.
  - Second section: examination of spillovers and monetary independence.
  - Final section: reexamination of macroprudential and monetary policies and policy frameworks from the perspective of central bank staff members from the region.

### Key findings and thematic emphasis
- 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 and keywords (as listed)
- 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

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## Content in this bundle

- **23753 9781475552904**
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_Source: https://www.imf.org/en/publications/books/issues/2017/03/24/challenges-for-central-banking-perspectives-from-latin-america-43726_