user
0
Su pedido

Tu pedido

Su carro de la compra está vacío

Materias

Central Bank Independence and Inflation "Lessons from Latin America"

Central Bank Independence and Inflation "Lessons from Latin America"

Compartir en:

(0 Comentarios)
Comenta y valora este libro

pvp.42,95 €

Sin Stock. Posibilidad entre 11 y 20 dias

Materias:

A history of the institutional reform of monetary policy in Latin America, with lessons for today

After years of macroeconomic instability, central bank independence (CBI) is playing a pivotal role in achieving low inflation worldwide. But in some nations-including Brazil, Colombia, Hungary, India, Mexico, Türkiye, and the United States- central banks have been blamed for focusing only on fighting inflation at the expense of economic growth.

Central Bank Independence and Inflation argues that countries must continue supporting the independence of central banks to keep inflation in check and hence promote long-run economic growth. Jácome analyzes the evolution of CBI in Latin America from its creation in the 1920s to the present day. He warns against requiring central banks to print money to finance fiscal deficits, because it hinders economic growth. He creates a database of central bank independence to track its evolution and provides empirical evidence of a negative correlation with inflation.

Deeply grounded in history, Central Bank Independence and Inflation warns against the consequences of weakening this institutional arrangement. It is the first book to provide a historical account of Latin America's CBI and will be a valuable resource for those interested in monetary policy.

Otros libros de Banca