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The Historical Evolution of Monetary Policy in Latin America by Esteban Pérez Caldentey; Matías Vernengo is a book available to read on EtoBox.

What is The Historical Evolution of Monetary Policy in Latin America about?

Recent monetary policy in Latin America has evolved in five different phases. The first one revolves around the monetary doctoring missions, mainly but not exclusively, from the United States that established the first central banks in the region in the 1920s and 1930s adhering to a gold standard regime. The second phase comprises the first attempts to adopt a proactive countercyclical monetary stance and the granting of ample discretionary powers to the central bank to protect economies from the effects of the international business cycle. The third phase consists in the generalized adoption of developmental and inward E. Pérez Caldentey (*) Economic Commission for Latin America and the Caribbean ECLAC,

Author

Esteban Pérez Caldentey; Matías Vernengo

Publisher

Springer

Published

2020

Language

EN