Inflation Targeting in Latin America: Toward a Monetary Union?

Marc Hofstetter

No 5855, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: In recent years, five of the main economies in Latin America -Brazil, Chile, Mexico, Colombia and Peru- have adopted Inflation Targeting regimes. In the context of these converging monetary strategies, would the IT nations in the region be better o adopting a common currency? Would they be better o if they dollarize? Would a common currency be a better alternative than dollarization? The answers to these questions are yes, yes and maybe.

Keywords: Monetary Union; Inflation Targeting; Latin America; Monetary Policy. (search for similar items in EconPapers)
JEL-codes: E31 E32 E42 E58 (search for similar items in EconPapers)
Pages: 35
Date: 2009-08-04
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Inflation Targeting in Latin America: Toward a Monetary Union? (2011)
Working Paper: Inflation targeting in Latin America: toward a monetary union? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:005855

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