The challenge of monetary independence

Velasco, Andres

(2019) The challenge of monetary independence Project Syndicate.

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By shadowing the US Federal Reserve so closely, Latin American countries are foregoing the policy flexibility that their floating exchange-rate regimes are intended to allow. They also risk relying too heavily on possible US interest-rate cuts to boost their economies, and not enough on deeper, long-term reforms.

Item Type	Article
Copyright holders	© 2019 The Author
Departments	?? SCPP ?? School of Public Policy
Date Deposited	08 Nov 2019 13:03
URI	https://researchonline.lse.ac.uk/id/eprint/102455

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Velasco, Andres

HG Finance

http://www.lse.ac.uk/school-of-public-policy/people/Andr%C3%A9s-Velasco/Andr%C3%A9s-Velasco (Author)
https://www.project-syndicate.org/commentary/latin-america-monetary-policy-follows-federal-reserve-by-andres-velasco-2019-03
https://www.project-syndicate.org/ (Official URL)

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