UID:
edocfu_9958116179202883
Format:
1 online resource (45 p.)
ISBN:
1-4639-9800-7
,
1-4639-3240-5
Series Statement:
IMF Working Papers
Content:
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.
Note:
Description based upon print version of record.
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Inflation in Central America (CADR) and Selected Latin American Countries; II. Key Elements of A Strong Monetary Policy Framework: Review of the literature; 2. Average Inflation in CADR and LA5; III. Monetary Frameworks in Selected South American Countries and CADR; A. Monetary Frameworks and Reforms in Chile, Peru, and Uruguay; 1. Central Bank Protts and Losses in Chile, Peru, and Uruguay; B. The Monetary Policy Frameworks in CADR; C. Index to Measure the Strength of Monetary Policy Frameworks in CADR
,
3. Index of Strength of Monetary Policy Framework2. Index: Strength of Monetary Policy Framework; IV. Conclusions and Policy Recommendations; I. Key Elements of a Strong Monetary Policy Framework: The Case of Chile, Peru and Uruguay; II. The Monetary Policy Framework in CADR Countries; III. Strength of Monetary Policy Index; References; Footnotes
Additional Edition:
ISBN 1-4639-2324-4
Language:
English
