Monetary Space in Latin America: A Criterion to Regime Selection

Eduardo Corso ()

No 200727, BCRA Working Paper Series from Central Bank of Argentina, Economic Research Department

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 markets; exchange rate and monetary regime; 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)
Pages: 28 pages
Date: 2007-12
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http://www.bcra.gov.ar/pdfs/investigaciones/WP%202007%2027e%20Premio.pdf Spanish version (versión en Español) (application/pdf)

Related works:
Journal Article: Monetary Space in Latin America: A Criterion to Regime Selection (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:bcr:wpaper:200727

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