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Mostrando ítems 41-50 de 1898
Algunas reflexiones sobre mi período en la Presidencia del Banco Central de Chile
La creación de un banco central autónomo tuvo su origen en la Ley Orgánica Constitucional (LOC) del Banco Central de Chile (BCCh) del 10 de octubre de 1989 que le fijo? el claro objetivo de velar por la estabilidad de la moneda y el normal flujo de los pagos internos y externos del país. Para poder ...
'25 Años de Autonomía del Banco Central de Chile'
Cuando a mediados de los noventa tomé mis primeros cursos de monetaria la autonomía del Banco Central ya era parte fundamental del paisaje económico de Chile. Para ese entonces como había señalado Roberto Zahler algunos años antes al asumir la presidencia del Banco Central ya se observaba 'entre los ...
Inflation targets in a global context
Inflation targeting has become a global framework. There is an inflation-targeting country on every continent, and many other countries have introduced particular characteristics of inflation targeting into their monetary framework. Inflation targets have thus far proved to be durable: no country has ...
Global liquidity spillovers to emerging markets and policy responses: an overview
Global liquidity has become a popular concept in academic and policy discussions of recent years. This concept captures overall 'ease of financing' prevalent in the world economy (Caruana 2013) and it is usually mentioned as a possible cause of capital inflows global imbalances excessive credit expansion ...
The 1997-98 liquidity crisis: Asia versus Latin America
Four years after its outbreak, the Asian crisis continues to confound experts: a region whose countries had long been considered paragons of successful economic development is mired in financial collapse and deep recession. By contrast, Latin America -with the important exceptions of Brazil and Ecuador- ...
Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
The global economy of today 'is a small world after all.' The high degree of international trade integration and financial interconnectedness has created tight linkages across most countries even between countries that may be very distant geographically or that may not have significant trade or financial ...
Implications of rapidly growing emerging markets for the world economy
It is an honor and a pleasure participating in this conference in honor of Vittorio Corbo. He has been a major contributor to the thinking on economic theory and policy with respect to development as an academic as a World Bank official as a consultant and as Governor of the Banco Central de Chile. I ...
Laudatio of Vittorio Corbo
Vittorio Corbo is one of Latin America’s outstanding economists and like some of his peers in the region his contributions and his influence includes academia but goes well beyond academia. While academic economists in developed countries tend to focus more narrowly on research and teaching the diversity ...
Monetary policy thorugh asset markets: lessons from unconventional measures and implications for an integrated world
The global financial crisis of 2008 and its aftermath have brought many new challenges for the world’s central banks. These new challenges have in turn resulted in bold experimentation—not simply particularly vigorous use of traditional policy tools but also the use of new tools or if not entirely new ...
The great recession and the great depression: reflections and lessons
My Economics Department colleagues are fond of telling me that as an economic historian I have the advantage that I don’t have to update my lectures in response to events. My history lectures don’t become outdated as quickly as their lectures on say the Great Moderation. The fallacy of this view is ...