Central banking in the Americas: Lessons from two decades

Bank for International Settlements

No 143 in BIS Papers from Bank for International Settlements

Abstract: This volume discusses the major developments of the last two decades and how they might affect the future. It presents a collection of chapters – one from each country represented on the BIS Consultative Council of the Americas (CCA). These contributions review the experience of the past 20 years to draw lessons that would help central banks to meet the challenges of the future. We complement this collection with two additional chapters. Alejandro Werner, founder of the Georgetown Americas Institute, Professor of Practice at Georgetown University and former Director of the IMF's Western Hemisphere Department, writes about the institutional successes of central banking in Latin America in the past 20 years, and the significant challenges in the next decade. Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the IMF and a former official of the Federal Reserve Bank of New York, discusses how a cross-border payments, exchange and contracting platform could drive economic integration and growth. Taken together, the papers give an excellent overview of what happened in central banking in the Americas since the turn of the millennium and how central banks look at the challenges ahead.

Date: 2023 Written 2023-11
ISBN: 978-92-9259-725-2
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Chapters in this book:

Foreword , pp 1-2

Agustín Carstens

Lessons from 20 years of central banking in the Americas , pp 3-20

Alexandre Tombini, Ana Aguilar, Jon Frost, Christian Upper and Fabrizio Zampolli

Monetary policy challenges over two decades: a view from Argentina , pp 21-39

Miguel Angel Pesce and German Feldman

The BIS and Banco Central do Brasil relationship: lessons learned and challenges ahead , pp 41-54

Roberto de Oliveira Campos Neto

20 years of central bank communications, and lessons for the future , pp 55-67

Tiff Macklem and Jill Vardy

Monetary policy in Chile: combining theory, evidence and experience , pp 69-85

Rosanna Costa

The monetary and macroprudential policy framework in Colombia in the last 30 years: lessons learnt and challenges for the future , pp 87-112

Leonardo Villar, Javier Gómez-Pineda, Andrés Murcia, Wilmar Cabrera and Hernando Vargas-Herrera

Inflation targeting in Mexico: evolution, achievements and policy lessons , pp 113-128

Victoria Rodríguez, Gabriel Cuadra and Daniel Samano

Twenty years of inflation targeting in Peru: lessons and challenges ahead , pp 129-147

Julio Velarde and Carlos Montoro

Effective dialogue and well anchored inflation expectations: essential tools for navigating challenging times , pp 149-162

John Williams

Central banking in Latin America - the next decade , pp 163-173

Alejandro Werner

A cross-border payments, exchange and contracting platform for the 21st century , pp 175-181

Tobias Adrian

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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbps:143

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