European Parliament Library

Improving the Monetary Policy Frameworks in Central America, Stephanie Medina Cas, Alejandro Carrion-Menendez, Florencia Frantischek

Several Central American (CADR) countries with independent monetary policies are strengthening their monetary frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy frameworks of CADR is key to improving the effectiveness of monetary policy. The paper reviews the literature on the reforms needed for strengthening the monetary policy frameworks, and examines the experiences of IT countries, Chile, Peru, and Uruguay to help distill lessons for CADR. It also constructs an index to measure the relative strength of the monetary policy framework of CADR countries
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Inflation in Central America (CADR) and Selected Latin American Countries; II. Key Elements of A Strong Monetary Policy Framework: Review of the literature; 2. Average Inflation in CADR and LA5; III. Monetary Frameworks in Selected South American Countries and CADR; A. Monetary Frameworks and Reforms in Chile, Peru, and Uruguay; 1. Central Bank Protts and Losses in Chile, Peru, and Uruguay; B. The Monetary Policy Frameworks in CADR; C. Index to Measure the Strength of Monetary Policy Frameworks in CADR
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (45 p.)
Specific Material Designation
Form Of Item

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