Recent Developments in Monetary Policy Analysis for Emerging Countries

Authors

  • Javier García-Cicco Duke University, United States

Keywords:

Currency Substitution, Emerging Countries, Liability Dollarization, Monetary Policy, Pass-Through

Abstract

This document surveys of the recent developments in the literature of monetary policy analysis for emerging countries. In particular, we describe papers analyzing how the following characteristics impose non-trivial restrictions for policy design in these economies: financial frictions and liability dollarization, the domestic propagation of shocks to international prices (or pass-through), and currency substitution.

JEL classification: E40 ; E44 ; E61 ; F31 ; F41

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Published

2008-09-01

How to Cite

García-Cicco, J. (2008) “Recent Developments in Monetary Policy Analysis for Emerging Countries”, Ensayos Económicos, (51), pp. 123–142. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/363 (accessed: 1 May 2025).

Issue

No. 51 (2008): Ensayos Económicos

Section

Articles