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Global Policy Spillovers and Peru's Monetary Policy : Inflation Targeting, Foreign Exchange Intervention and Reserve Requirements

Rossini, Renzo - 2014

This paper provides an overview of the monetary policy actions undertaken by the Central Reserve Bank of Peru … effects and smoothing out the interest rate and credit dynamics in a dual monetary economy such as Peru.Full publication …

Persistent link: https://www.econbiz.de/10013046932

Weathering the Global Storm : The Benefits of Monetary Policy Reform in the LA5 Countries

Canales Kriljenko, Jorge Iván - 2011

This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …

Persistent link: https://www.econbiz.de/10012756161

Interest, reserves, and prices

Benigno, Gianluca; Benigno, Pierpaolo - 2021

We would like to propose a new framework for monetary policy analysis that encompasses, as a special case, the Neo-Wicksellian paradigm. A general form of an aggregate-demand equation reveals a role for liquidity, as well as less effective movements in future real rates with respect to current...

Persistent link: https://www.econbiz.de/10012584354

Monetary Policy and Inflation Expectations in Latin America : Long-run Effects and Volatility Spillovers

2006

-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile …, Colombia and Mexico in the post-1999 period. It also tests for the presence of volatility spillovers between the monetary … examination, and ii) greater volatility in the monetary stance leads to higher volatility in expected inflation in Brazil …

Persistent link: https://www.econbiz.de/10012446842

The use of reserve requirements as a policy instrument in Latin America

Montoro, Carlos - In: BIS quarterly review : international banking and … (2011), pp. 53-65

Persistent link: https://www.econbiz.de/10008935303

Inflation targeting and quantitative tightening : effects of reserve requirements in Peru

Armas, Adrián; Castillo B., Paul; Vega, Marco - 2014

This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides …

Persistent link: https://www.econbiz.de/10011286266

Ganando grados de libertad : el manejo de la política monetaria en LATAM-5

Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023

By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over …

Persistent link: https://www.econbiz.de/10014433825

Bond Markets and Monetary Policy

Buraschi, Andrea - 2015

Since the early 1990's, and until the 2008 financial crisis, the main policy tool of the FOMC has been a nominal interest rate target. This paper surveys an extensive literature that studies the link between monetary policy and the dynamics of bond yields. This literature uses ‘high-frequency'...

Persistent link: https://www.econbiz.de/10013020623

Prospects for a Transition Towards Inflation Targeting in Russia

Drobyshevsky, Sergey - 2012

In Russia, the pre-conditions for a successful transition to inflation targeting are beginning to emerge. The economy remains highly dependent upon the external economic conjuncture, but the financial crisis made for a steep increase in the demand of commercial banks for refinancing by the CBR....

Persistent link: https://www.econbiz.de/10013103668

Monetary policy after the crisis

Gnan, Ernest (ed.); Belka, Marek (contributor) - 2011

Persistent link: https://www.econbiz.de/10009422829