Improving the Monetary Policy Frameworks in Central America

WPIEA2011245 Image
Price:  $18.00

Author/Editor: Stephanie Medina Cas, Alejandro Carrion-Menendez, Florencia Frantischek
Release Date: © October, 2011
ISBN : 978-1-46392-324-2
Stock #: WPIEA2011245
Stock Status: On back-order

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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.


Banks and banking , Central banks , Economic policy , Financial institutions and markets , Monetary policy

More publications in this series: Working Papers

More publications by: Stephanie Medina Cas ; Alejandro Carrion-Menendez ; Florencia Frantischek