Dec 2020
Author(s): Andreasen, Eugenia;Nuguer, Victoria
This paper studies from an empirical and theoretical perspective the systemic and bank-level effects of imposing reserve requirements (RR) in foreign currency in an economy with a heavily dollarized…
Dec 2016
Author(s): Andrian, Leandro Gaston;Avellán, Leopoldo
El producto potencial y la brecha del producto son conceptos comúnmente utilizados para informar el ejercicio de las políticas monetaria y fiscal, así como para el análisis del desempeño del sistema…
Apr 2014
Author(s): Armas, Adrián;Castillo, Paul;Vega, Marco
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of…
Jun 2013
Author(s): Tavella, Pilar;Powell, Andrew
The May 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth and inflation expectations have fallen slightly. The simple average…
May 2013
Author(s): Arce, Fernando;Powell, Andrew
The April 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations have risen while inflation expectations have remained…
Jan 2013
Author(s): Galindo, Arturo;Rojas-Suárez, Liliana;Del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…
Apr 2012
Author(s): Cesa-Bianchi, Ambrogio;Pesaran, M. Hashem;Rebucci, Alessandro;Xu, TengTeng
This is the data used for the estimation of the GVAR model as in "China's Emergence in the World Economy and Business Cycles in Latin America" (access the study in the related URL…
Jan 2001
Author(s): Stein, Ernesto H.;Salazar, Natalia;Steiner, Roberto;Díaz-Bonilla, Eugenio;Bonomo, Marco;Jaramillo, Juan C.;Schamis, Hector E.;Pascó-Front, Alberto;Ghezzi, Piero;Terra, Maria Cristina;De Gregorio, José;Frieden, Jeffry
This book analyzes the political economy of exchange rate policy in Latin America. It brings together the work of economists and political scientists interested in the interaction of economic and…