Inflation Targeting in Latin America: Toward a Monetary Union?

Marc Hofstetter

Economía Journal, 2011, vol. Volume 12 Number 1, issue Fall 2011, 71-118

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 off adopting a common currency? Would they be better off if they dollarize? Would a common currency be a better alternative than dollarization? The answers I give to these questions are yes, yes (except for Brazil) 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)
Date: 2011
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Inflation targeting in Latin America: toward a monetary union? (2011)
Working Paper: Inflation Targeting in Latin America: Toward a Monetary Union? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000425:009146

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