Monetary spaces in Latin America: A criterion for regime selection

Working papers | 2007 | N 27

Abstract

This work develops a theoretical and empirical approach to analyze the choice of exchange-monetary regimes in emerging economies based on the "monetary space", understood as the framework in which monetary policy must be developed. The monetary space was defined taking into account four axes. Fiscal dominance, external dominance, financial dominance, and the size of the financial system. Final version published in the magazine "Economics Ensayos" No. 48 - Year 2007

JEL classification: E44, E50