Foreign Exchange Intervention in Inflation Targeters in Latin America

Foreign Exchange Intervention in Inflation Targeters in Latin America
Author :
Publisher : International Monetary Fund
Total Pages : 320
Release :
ISBN-10 : 9781484393024
ISBN-13 : 1484393023
Rating : 4/5 (023 Downloads)

Book Synopsis Foreign Exchange Intervention in Inflation Targeters in Latin America by : Mr.Marcos d Chamon

Download or read book Foreign Exchange Intervention in Inflation Targeters in Latin America written by Mr.Marcos d Chamon and published by International Monetary Fund. This book was released on 2019-03-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries adopted floating exchange rate regimes and inflation targeting while continuing to intervene in foreign exchange markets. This edited volume reviews detailed accounts from several Latin American countries’ central banks, and it provides insight into how and with what aim many interventions were decided and implemented. This book documents the effectiveness of intervention and pays special attention to the role of foreign exchange intervention policy within inflation-targeting monetary frameworks. The main lesson from Latin America’s foreign exchange interventions, in the context of inflation targeting, is that the region has had a considerable degree of success. Transparency and a clear communication policy have been key. For economies that are not highly dollarized, rules-based intervention helped contain financial instability and build international reserves while preserving inflation targets. The Latin American experience can help other countries in the design and implementation of their policies.


Foreign Exchange Intervention in Inflation Targeters in Latin America Related Books

Foreign Exchange Intervention in Inflation Targeters in Latin America
Language: en
Pages: 320
Authors: Mr.Marcos d Chamon
Categories: Business & Economics
Type: BOOK - Published: 2019-03-01 - Publisher: International Monetary Fund

GET EBOOK

Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the
Foreign Exchange Intervention in Inflation Targeters in Latin America
Language: en
Pages: 298
Authors: Marcos Chamon
Categories: Electronic books
Type: BOOK - Published: 2019 - Publisher:

GET EBOOK

Central Banking in Latin America
Language: en
Pages: 57
Authors: Mr.Luis Ignacio Jácome
Categories: Business & Economics
Type: BOOK - Published: 2015-03-17 - Publisher: International Monetary Fund

GET EBOOK

This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financia
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Language: en
Pages: 33
Authors: Romain Lafarguette
Categories: Business & Economics
Type: BOOK - Published: 2021-02-12 - Publisher: International Monetary Fund

GET EBOOK

This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru
Intervention Under Inflation Targeting--When Could It Make Sense?
Language: en
Pages: 22
Authors: Mr.David J Hofman
Categories: Business & Economics
Type: BOOK - Published: 2020-01-17 - Publisher: International Monetary Fund

GET EBOOK

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for