Monetary Space in Latin America: A Criterion to Regime Selection
This paper deals with a theoretical and empirical approach to analyze the selection of exchange rate/monetary regimes in emerging economies based on the “monetary space”, i.e. the framework where monetary policy should be developed. In turn, the monetary space was defined on the basis of four axes: fiscal dominance, external dominance, financial dominance and the size of the financial system.
|Date of creation:||Dec 2007|
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Munich Reprints in Economics
20206, University of Munich, Department of Economics.
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