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When Central Bank Autonomy Makes All the Difference

Central Bank autonomy can make all the difference for controlling inflation and providing macroeconomic stability

Since the late 1990s, a broad reform movement has swept Latin America, aimed at granting independence to central banks and freeing them from government pressure to print money to finance government spending. Laws have been passed and constitutions changed to allow independent central banks to focus on the fight against inflation. A more complicated case […]

Reducing Volatility from Cross-Border Banking Flows

Regulation can help Latin American nations reduce volatility from cross-border banking flows

How can emerging markets protect themselves from abrupt shifts in cross-border banking flows? That has been a fundamental question for economic policymakers in recent years, including those entrusted with banking supervision in regions like Latin America and the Caribbean. In a study made available online in May, Gabriel Cuadra and I examine the issue, focusing […]

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