Monetary Policy Strategies for Latin America

By Frederic S. Mishkin, Miguel A. Savastano. 2001

351 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d30d767ea5661a1917f6146de088c128a2324b49

Citations in the corpus

• Banking crises and exchange rate regimes - Is there a link? (2003, neutral): “7 A related argument put forward by Mishkin and Savastano (2000) is that countries lacking political and economic institutions to support an independent central bank may find hard pegs a sensible second best strategy for monetary policy 6 (1999b) and Calvo and Reinhart (2000a, 2000b) contend that…”
• Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies (2012, neutral): “Even where there may be high exchange rate pass-through to domestic prices, there are concerns that systematic interventions in the foreign exchange rate (FX) market could undermine the credibility of the IT framework (Mishkin and Savastano, 2001).”
• The Relationship Between Exchange Rates and Inflation Targeting Revisited (2006, neutral): “ Mishkin and Savastano (2001) provide one of the most complete discussions on the issue.”
• The Mirage of Exchange Rate Regimes for Emerging Market Countries (2003, neutral): “U'hen the monetary authority knows that a currency devaluation can lead to extreme stress on the financial sector, it cannot turn a blind eye to exchange rate fluctuations (Mishkin and Savastano, 2001).”
• Flexible Inflation Targets, Forex Interventions and Exchange Rate Volatility in Emerging Countries (2012, neutral): “A flexible nominal exchange rate constitutes, at least from a theoretical standpoint, a requirement for a well functioning full-fledged IT regime (Mishkin and Savastano, 2001).”