Monetary Policy Strategies for Latin America / Frederic S. Mishkin Mishkin, Frederic S

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Mishkin, Frederic S
Monetary policy - Latin America.; Foreign exchange rates - Latin America.; Anti-inflationary policies - Latin America.
Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.
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