Central Banks and Monetary Regimes in Emerging Countries: Theoretical and Empirical Analysis of Latin America

Author:   Fernando Ferrari-Filho ,  Luiz F. de Paula
Publisher:   Edward Elgar Publishing Ltd
ISBN:  

9781802203974


Pages:   260
Publication Date:   17 January 2023
Format:   Hardback
Availability:   In Print   Availability explained
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Central Banks and Monetary Regimes in Emerging Countries: Theoretical and Empirical Analysis of Latin America


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Overview

Responding to global events, including the international financial crisis (IFC) and the COVID-19 pandemic, central banks and the monetary regimes in many Latin American countries responded with actions to mitigate the worst impacts. The authors in this book focus on the recent trends of monetary policy in Latin America and analyze how the actions that were taken have affected the economic performance of these countries. The book is composed of 11 chapters that analyze, theoretically and empirically, the central banks’ actions and the monetary regimes of the following countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. As most of these countries implemented inflation-targeting regimes in the 1990s and 2000s, a special focus will be given on these experiences and how central banks dealt with the IFC and COVID-19 crises. Academic researchers and students of economics will find a wealth of knowledge contained in these chapters, as will anyone looking for a better understanding of the economy of this important region.

Full Product Details

Author:   Fernando Ferrari-Filho ,  Luiz F. de Paula
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781802203974


ISBN 10:   1802203974
Pages:   260
Publication Date:   17 January 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Contents: Foreword x Louis-Philippe Rochon Introduction to Central Banks and Monetary Regimes in Emerging Countries xv Fernando Ferrari-Filho and Luiz Fernando de Paula 1 Costs and benefits of currency internationalisation: theory and the experience of emerging countries 1 Bianca Orsi, Antonio José Alves Junior and André de Melo Modenesi 2 Monetary institutions and economic performance in Latin America: the experience with an inflation targeting regime in the period 2000–2020 19 Eliane Araujo, Elisangela Araujo and Mateus Ramalho Ribeiro da Fonseca 3 Monetary policy in Brazil under the inflation targeting regime from a Contested Terrain Approach 43 Assilio Araujo and Fernando Ferrari-Filho 4 The unfinished stabilization of the Real Plan: an analysis of the indexation of the Brazilian economy 61 José Luís Oreiro and Julio Fernando Costa Santos 5 The role of capital flow management measures when the bubble bursts: the Brazilian experience in the global financial crisis and in the COVID-19 pandemic 82 Luiza Peruffo, Pedro Perfeito da Silva and André Moreira Cunha 6 Back to a high-inflation regime? The Argentine economy from the 2000s to the COVID-19 crisis 103 Hernán E. Neyra and Andrés Ferrari Haines 7 The new foreign debt trap and its long run consequences: the persistence of Monetarism as a social doctrine in Argentina 126 Juan Matias De Lucchi and Matías Vernengo 8 The monetary circuit and the credit channel in Mexico 146 Roberto Valencia Arriaga and Santiago Capraro Rodríguez 9 Monetary policy in Latin America during the COVID-19 crisis: was this time different? 171 Luiz Fernando de Paula, Paulo José Saraiva and Mateus Coelho Ferreira 10 The Central Bank of Brazil in the face of the COVID-19 economic crisis 190 Isabela Andrade do Carmo and Fábio Henrique Bittes Terra 11 The financial aspects of the COVID-19 crisis in Brazil: a Minskyan approach 208 Norberto Montani Martins, Ernani Teixeira Torres Filho and Luiz Macahyba Index

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Author Information

Edited by Fernando Ferrari-Filho, Full Professor of Economics, Department of Economics and International Relations, Federal University of Rio Grande do Sul, Porto Alegre, and Researcher, National Council for Technological and Scientific Development (CNPq), Brasília, Brazil and Luiz Fernando de Paula, Professor of Economics, Federal University of Rio de Janeiro, Rio de Janeiro, and Researcher, CNPq, Brasília, and Rio de Janeiro Research Foundation (FAPERJ), Rio de Janeiro, Brazil

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