The transformation and performance of emerging market economies across the great divide of the global financial crisis

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dc.contributor.authorBordo, Michael D.
dc.contributor.authorSiklos, Pierre
dc.date.accessioned2021-10-19T17:28:41Z
dc.date.available2021-10-19T17:28:41Z
dc.date.issued2021-10
dc.descriptionBefore the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the adoption of inflation targeting (IT), as analyzed in Bordo and Siklos (2014). Moreover, the adoption of best practices was viewed as a way for emerging market countries especially to “tie their hands” to deliver lower and more stable inflation rates without undue fiscal and/or political influence.es
dc.description.abstractBefore the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the adoption of inflation targeting (IT), as analyzed in Bordo and Siklos (2014). Moreover, the adoption of best practices was viewed as a way for emerging market countries especially to “tie their hands” to deliver lower and more stable inflation rates without undue fiscal and/or political influence.es
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 55-122
dc.identifier.isbn978-956-7421-69-5
dc.identifier.isbn978-956-7421-70-1 (pdf)
dc.identifier.issn0717-6686
dc.identifier.urihttps://hdl.handle.net/20.500.12580/6141
dc.language.isoenes
dc.publisherBanco Central de Chilees
dc.relation.ispartofseriesSeries on Central Banking Analysis and Economic Policies; no. 28
dc.relation.ispartofseriesSerie Banca Central, análisis y políticas económicas; no. 28
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectCRISIS FINANCIERAes
dc.subjectBANCOS CENTRALESes
dc.subjectINFLACIÓNes
dc.titleThe transformation and performance of emerging market economies across the great divide of the global financial crisises
dc.type.docArtículo

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