Improving the Monetary Policy Frameworks in Central America

 
Author/Editor: Stephanie Medina Cas ; Alejandro Carrión-Menéndez ; Florencia Frantischek
 
Publication Date: October 01, 2011
 



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Summary: Several Central American (CADR) countries with independent monetary policies are strengthening their monetary frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy frameworks of CADR is key to improving the effectiveness of monetary policy. The paper reviews the literature on the reforms needed for strengthening the monetary policy frameworks, and examines the experiences of IT countries, Chile, Peru, and Uruguay to help distill lessons for CADR. It also constructs an index to measure the relative strength of the monetary policy framework of CADR countries.
 
Series: IMF Working Papers
Subject(s): Inflation targeting | Latin America

Author's Keyword(s): monetary policy | inflation targeting | Central America | Latin America
 
English
Publication Date: October 01, 2011
ISBN/ISSN: 9781463923242/1018-5941 Format: Paper
Stock No: WPIEA2011245 Pages: 38
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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