BENCHMARKING CENTRAL BANKS IN LATIN AMERICA, 1990-2010
Main Article Content
Abstract
This benchmarking exercise analyzes the effectiveness of central banks in Latin America between 1900 and 2010, considering the monetary authority’s primary and secondary functions in the countries in question, after briefly examining the evolution of the work of international central banks. The relevant indicators are selected, specified, and studied in order to assess these institutions’ performance: lower inflation, greater credit availability for the private sector, lower financial intermediation margins, less fluctuation in the real exchange rate, and various foreign reserve objectives. Objective functions are established that are measured against available official information. Finally, central banks are ranked according to indicators and selected objective functions.
Article Details
How to Cite
Alarco Tosoni, G. (2019). BENCHMARKING CENTRAL BANKS IN LATIN AMERICA, 1990-2010. Investigación Económica, 72(285). Retrieved from https://revistas.unam.mx/index.php/rie/article/view/50492
Authors who publish in this journal agree to the following conditions:
a) The authors retain the copy rights (copyright) and give the journal the right of first publication, with the work also under the Creative Commons Attribution License that allows third parties to use what is published as long as they refer to the author or authors of the article. work and its publication in this journal.
b) The authors are free to make other contractual agreements for the non-exclusive distribution of the article they publish in this journal (such as including it in an institutional collection or publishing it in a book), provided that they clearly indicate the original publication of the work in this journal.