Monetary policy strategies for Latin America [electronic resource] / Frederic S. Mishkin and Miguel A. Savastano.
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TextSeries: Policy research working papers ; 2685. | World Bank e-LibraryPublication details: Washington, D.C. : World Bank, Financial Sector Strategy and Policy Department, 2001Subject(s): Anti-inflationary policies -- Latin America | Foreign exchange rates -- Latin America | Inflation (Finance) -- Latin America | Monetary policy -- Latin AmericaAdditional physical formats: Mishkin, Frederic S.: Monetary policy strategies for Latin America.LOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Abstract: Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.
"October 2001."
Title from title screen as viewed on Aug. 26, 2002.
Includes bibliographical references (p. 29-31).
Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.
Also available in print.
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