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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
Official URL:
Additional Information: © 2019 The Author
Divisions: School of Public Policy
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Subjects: H Social Sciences > HG Finance
Date Deposited: 08 Nov 2019 13:03
Last Modified: 05 Oct 2020 23:22

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