Monetary Space in Latin America: A Criterion to Regime Selection

Eduardo Corso ()

Ensayos Económicos, 2007, vol. 1, issue 48, 111-144

Abstract: This paper deals with a theoretical and empirical approach to analyze the selection of exchange rate/monetary regimes in emerging economies based on the “monetary space”, i.e. the framework where monetary policy should be developed. In turn, the monetary space was defined on the basis of four axes: fiscal dominance, external dominance, financial dominance and the size of the financial system.

Keywords: emerging economies; exchange rate and monetary regimen; financial assets sustituibility; financial dominance; financial system size; fiscal dominance; monetary policy; monetary space (search for similar items in EconPapers)
JEL-codes: E44 E50 (search for similar items in EconPapers)
Date: 2007
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Working Paper: Monetary Space in Latin America: A Criterion to Regime Selection (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:bcr:ensayo:v:1:y:2007:i:48:p:111-144

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