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
Authors:	Corso, Eduardo Ariel
Published in:	Ensayos Económicos. - Banco Central de la República Argentina, ISSN 0325-3937. - Vol. 1.2007, 48, p. 111-144
Publisher:	Banco Central de la República Argentina
Subject:	emerging economies \| exchange rate and monetary regimen \| financial assets sustituibility \| financial dominance \| financial system size \| fiscal dominance \| monetary policy \| monetary space

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Extent:	application/pdf
Type of publication:	Article
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/10010551955