Monetary Management in Latin America

Victor L. Urquidi

Chapter 11 in Evolution of the International and Regional Monetary Systems, 1991, pp 160-169 from Palgrave Macmillan

Abstract: Abstract With growing world economic interdependence, there has been a distinct loss in the autonomy of domestic monetary management, at least in the developing countries, and especially in Latin America. In addition, the degree of instability prevailing since the 1970s in financial flows, world commodity prices and trade policies has made the task of regulating the money supply more difficult. The external debt service burden, moreover, has distorted the domestic economies and the local financial and monetary systems to a point at which it constitutes an overriding factor that jeopardises positive monetary management. These three sets of factors external to the scope of the domestic economies are now conditioning to a larger extent than before the ability of central banks and national treasuries to carry out appropriate monetary management policies with some degree of success.

Keywords: Monetary Policy; Foreign Exchange; Banking System; Money Supply; External Debt (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11061-2_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349110612

DOI: 10.1007/978-1-349-11061-2_11

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().