 | Policy Instruments to Lean Against the Wind in Latin America Author/Editor: G. Terrier, Rodrigo O. Valdes, Camilo Ernesto Tovar Mora, Jorge A. Chan-Lau, Carlos Fernandez Valdovinos, Mercedes Garcia-Escribano, Carlos I. Medeiros, Man-Keung Tang, Mercedes Vera Martin, W. Christopher Walker. Release Date:July, 2011 This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments more...
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| From Lombard Street to Avenida Paulista : Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008–09 Author/Editor: Mark R. Stone, W. Christopher Walker, Yosuke Yasui. Release Date:November, 2009 The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in more...
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