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Keywords:Latin America 

Journal Article
Monetary policy alternatives for Latin America

During the 1990s, many Latin American countries began to address their problems with recession, inflation, and unemployment through dramatic economic reforms and monetary policy strategies that included exchange rate pegs, monetary aggregate targeting, or inflation targeting. Inflation targeting, in particular, had begun to lower inflation rates and to stabilize or increase real economic growth in countries such as New Zealand, Canada, and the United Kingdom. But has inflation targeting proved as successful for Latin American economies? ; This article describes the recent history of monetary ...
Economic Review , Volume 86 , Issue Q3 , Pages 43-53

Working Paper
Endogenous Borrowing Constraints and Stagnation in Latin America

The Latin American debt crisis of the 1980's had a major and long lasting effect on per-capita consumption: its level in 2005 was not that different from that in 1980. This paper studies the long stagnation in per-capita consumption that followed the crisis, and its relationship with recessions and sovereign risk, using a small open economy real business cycle model with complete markets, endogenous borrowing limits (limited commitment), endogenous capital accumulation, and domestic productivity and international interest rate shocks. I find that the model does an excellent job at explaining ...
Working Papers , Paper 2014-37

Journal Article
Responding to global crises: dollarization in Latin America

EconSouth , Volume 1 , Issue Q2 , Pages 14-19

Report
Latin America Research Group brief: After Argentina

Federal Reserve Bank of Atlanta Brief , Issue Jan

Journal Article
Official dollarization and the banking system in Ecuador and El Salvador

In January 2000 Ecuador adopted the U.S. dollar as legal tender, and El Salvador followed suit in 2001. The two countries officially dollarized under quite different circumstances: Ecuador was suffering an economic and banking crisis, while El Salvador enjoyed economic stability and low inflation rates. This article studies the evolution of the banking system in these two countries before and after official, or full, dollarization. ; In Ecuador the reforms that ensued from full dollarization have improved transparency and banking performance and competitiveness, but the implementation and ...
Economic Review , Volume 91 , Issue Q 3 , Pages 55-71

Journal Article
Dollarization: will the quick fix pay off in the long run?

EconSouth , Volume 3 , Issue Q1 , Pages 14-19

Working Paper
The IMF and concerted lending in Latin American debt restructurings: a formal analysis

Research Working Paper , Paper 88-03

Journal Article
First hemispheric conference on banking supervision held on August 23, 1995 in Buenos Aires, Argentina

Federal Reserve Bulletin , Issue Oct

Conference Paper
Budget deficits and debt: issues and options (overview)

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
The debt problem: evolution and prospects

FRBSF Economic Letter

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