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Latin American Central Bank Reform : Progress and Challenges

International Monetary Fund - 2005

This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...

Persistent link: https://www.econbiz.de/10014400741

Republic of Serbia : Seventh Review and Inflation Consultation Under the Stand-By Arrangement

International Monetary Fund - 2011

The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead,...

Persistent link: https://www.econbiz.de/10014401094

Credibility and Nominal Debt : Exploring the Role of Maturity in Managing Inflation

International Monetary Fund - 1989

This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation to reduce the ex post real value of its nominal liabilities. The maturity structure of government debt is shown to be a powerful instrument to affect the time profile of the...

Persistent link: https://www.econbiz.de/10014395780

Deja Vu All Over Again? : The Mexican Crisis and the Stabilization of Uruguay in the 1970's

International Monetary Fund - 1996

Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy’s vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial...

Persistent link: https://www.econbiz.de/10014395804

World Economic Outlook, October 1999 : Safeguarding Macroeconomci Stability at Low Inflation

International Monetary Fund - 1999

Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the international financial system, currency crises,...

Persistent link: https://www.econbiz.de/10014404467

Trade Liberalization, Stabilization, and Growth : Some Noteson the Mexican Experience

International Monetary Fund - 1990

While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could be attributed to a higher fiscal deficit, deriving from sharply higher domestic interest rates, this paper argues that the recovery of private investment was the main driving...

Persistent link: https://www.econbiz.de/10014396273

Controlling Inflation : The Problem of Non-Indexed Debt

International Monetary Fund - 1988

We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation rate. Conditions for this to occur are discussed in terms of ad hoc and micro-founded models. Solutions to the indeterminacy problem are examined; one solution is shown to be...

Persistent link: https://www.econbiz.de/10014396297

Republic of Argentina : Principles for Insurance Supervision

International Monetary Fund - 2011

This assessment is focused on the Superintendencia de Seguros de la Nacion (SSN) in Argentina. SSN has responsibility …

Persistent link: https://www.econbiz.de/10012247696

Republic of Argentina Financial Sector Assessment : IOSCO Objectives and Principles of Securities Regulation

International Monetary Fund - 2011

This assessment finds that Argentina has made significant progress to improve its securities regulatory system within … the existing legal framework. Specifically, Argentina operates a highly, even uniquely, transparent securities regulatory … regulation was conducted between May 11 and May 26, 2011 in Buenos Aires, Argentina and includes references to certain post on …

Persistent link: https://www.econbiz.de/10012247697

Republic of Argentina Financial Sector Assessment : Basel Core Principles for Effective Banking Supervision

International Monetary Fund - 2011

The Central Bank of Argentina (BCRA) and the Superintendence of Financial Entities (SEFyC) are to be commended on their …). This assessment of the state of compliance with the Basel Core Principles (BCPs) in Argentina has been undertaken as part …

Persistent link: https://www.econbiz.de/10012247698