Monetary Space in Latin America: A Criterion to Regime Selection

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.

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Year of publication:	2007-12
Authors:	Corso, Eduardo Ariel
Institutions:	Banco Central de la República Argentina
Subject:	emerging markets \| exchange rate and monetary regime \| financial assets sustituibility \| financial dominance \| financial system size \| fiscal dominance \| monetary policy \| monetary space

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Extent:	application/pdf
Series:	BCRA Working Paper Series. - ISSN 1850-3977.
Type of publication:	Book / Working Paper
Notes:	Number 200727 28 pages
Classification:	E44 - Financial Markets and the Macroeconomy ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010552016