Monetary spaces in Latin America: A criterion for regime selection

Authors

  • Eduardo Corso Center for State and Society Studies (CEDES), Argentina

Keywords:

Financial Assets Substitutability, Financial Dominance, Financial System Size, Fiscal Dominance, Monetary-Exchange Regime, Monetary Policy, Monetary Space

Abstract

This article 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.

JEL classification: E44 ; E50

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Published

2007-09-01

How to Cite

Corso, E. (2007) “Monetary spaces in Latin America: A criterion for regime selection”, Ensayos Económicos, (48), pp. 111–144. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/389 (accessed: 3 May 2025).

Issue

No. 48 (2007): Ensayos Económicos

Section

Articles