Central Bank Independence and Inflation: Lessons from Latin America - Brossura

Jácome, Luis I.

Brossura

ISBN 10: 1647126886 ISBN 13: 9781647126889

Casa editrice: Georgetown University Press, 2026

Riassunto

A history of the institutional reform of monetary policy in Latin America, with lessons for today

After years of macroeconomic instability, central bank independence (CBI) is playing a pivotal role in achieving low inflation worldwide. But in some nations―including Brazil, Colombia, Hungary, India, Mexico, Türkiye, and the United States― central banks have been blamed for focusing only on fighting inflation at the expense of economic growth.

Central Bank Independence and Inflation argues that countries must continue supporting the independence of central banks to keep inflation in check and hence promote long-run economic growth. Jácome analyzes the evolution of CBI in Latin America from its creation in the 1920s to the present day. He warns against requiring central banks to print money to finance fiscal deficits, because it hinders economic growth. He creates a database of central bank independence to track its evolution and provides empirical evidence of a negative correlation with inflation.

Deeply grounded in history, Central Bank Independence and Inflation warns against the consequences of weakening this institutional arrangement. It is the first book to provide a historical account of Latin America's CBI and will be a valuable resource for those interested in monetary policy.

Su questo libro

Informazioni sull'autore

Luis I. Jácome, PhD, is an faculty member at the Walsh School of Foreign Service of Georgetown University and an international consultant on central banking policies. He was previously governor of the Central Bank of Ecuador and is co-author of Challenges for Central Banking: Perspectives from Latin America (2016).

Dettagli dell'edizione

• Editore: Georgetown University Press
• Data di pubblicazione: 2026
• Lingua: Inglese
• ISBN 10: 1647126886
• ISBN 13: 9781647126889
• Rilegatura: Copertina flessibile
• Numero di pagine: 384
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile