Monetary Policy and Financial Stability in Latin America and the Caribbean, vol 1
Edited by Alberto Ortiz
in Investigación Conjunta-Joint Research from Centro de Estudios Monetarios Latinoamericanos, CEMLA
Financial instability can have devastating consequences on economic activity, price stability and the monetary policy transmission mechanisms. This is hardly news for Latin America and the Caribbean that have an unfortunate history of financial struggles that has led to a widespread inclusion of an explicit financial stability mandate in many central banks. Given the prevalence of this financial stability mandate, policy making could benefit from a better understanding of the monetary policy-financial stability nexus. This book presents efforts made through joint research among central banks’ economists of the Americas to advance in this front.
Keywords: monetary policy; lending channel; GMM; monetary transmission mechanisms; credit channel; financial stability; credit cycle; banking credit; business cycle; developing countries; Central America; Dominican Republic; term-structure; financial frictions; Markov-switching VAR; Markov-switching DSGE; Bayesian maximum likelihood methods; foreign exchange intervention; exchange rate; inflation; exchange rate pass-through; realized volatility; intervention; exchange rate; order flow; instrumental variable; nonparametric; Latin America and the Caribbean. (search for similar items in EconPapers)
JEL-codes: C11 C23 C26 C32 C54 E12 E31 E32 E43 E44 E51 E52 E58 F31 G21 G28 (search for similar items in EconPapers)
ISBN: 978-607-7734-89-5 (printed)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Chapters in this book:
- Ch 2 Does Monetary Policy Affect Bank Lending? Evidence for Bolivia , pp 9-40
- Óscar Alberto Díaz-Quevedo and C. Tatiana Rocabado-Palomeque
- Ch 3 What Microeconomic Banks Data Tell Us About Monetary Policy Transmission and Financial Stability in Guatemala , pp 41-105
- José Alfredo Blanco-Valdés and Hector Valle
- Ch 4 The Relation Between Credit and Business Cycles in Central America and the Dominican Republic , pp 107-131
- Francisco Ramírez de León
- Ch 5 Bank Capital Buffers and Procyclicality in Latin America , pp 133-158
- Oscar Carvallo and Leslie Jiménez Rosas
- Ch 6 Targeting Long-term Rates in a Model with Financial Frictions and Regime Switching
- Alberto Ortiz, Sebastián Cadavid-Sánchez and Gerardo Kattan-Rodríguez
- Ch 7 Two Models of FX Market Interventions: The Cases of Brazil and Mexico , pp 221-257
- Martin Tobal and Renato Yslas
- Ch 8 Realized Volatility as an Instrument to Official Intervention , pp 259-281
- João Barroso
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cml:incoes:5en
Ordering information: This item can be ordered from
Access Statistics for this book
More books in Investigación Conjunta-Joint Research from Centro de Estudios Monetarios Latinoamericanos, CEMLA Contact information at EDIRC.
Bibliographic data for series maintained by Ana Laura Sibaja-Jiménez ().