A Century of Banking in Latin America


Book Description










Central Banking in Latin America


Book Description

This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.










Money and Banking in Latin America


Book Description




Central Banking in Latin America


Book Description

Latin America’s central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaining challenges facing central banking in the region. Where inflation remains high and volatile, achieving durable price stability will require making central banks more independent. Where inflation targeting regimes are well-established, remaining challenges surround assessments of economic slack, the communication of monetary policy, and clarifying the role of the exchange rate. Finally, macroprudential policies must be coordinated with existing objectives, and care taken to preserve the primacy of price stability.




American Branch Banks In Latin America


Book Description

This volume is a comprehensive guide to American branch banks operating in Latin America during the early 20th century. It includes detailed histories of individual banks and their operations, along with analyses of the economic and political factors that influenced their development. This is a must-read for anyone interested in the history of banking or the economic relations between the United States and Latin America. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.




Honoring the Past, Building the Future


Book Description

Although science has unlocked the secrets of the human genome, the causes of social and economic development remain stubbornly enigmatic. Why do some countries adopt new technologies more readily than others? Why does income inequality persist in some regions--even in the face of rapid economic growth? Why do some societies welcome the challenges of globalization while others attempt to turn back the tide? Honoring the Past, Building the Future examines these and many related questions through the experience of Latin America and the Caribbean. In an accessible, journalistic style, author Ricardo Ávila explores a tumultuous half-century in which the region went from backwater to breadbasket, from dictatorship to democracy, and from economic basket case to emerging power.