Economic and Financial Developments in Latin America - Emerging Markets Analysis Book | Business Trends, Investment Strategies & Regional Growth | Perfect for Economists, Investors & Policy Makers

This great collection of essays on Latin American Monetary policy provides the opposing view to simplistic understandings of monetary policy. Chapter 4 speaks addresses to why you can not ignore capital flows in the assumption that devaluing one's currency in the hopes of inspiring export growth. Chapter 7 discusses how risk weighting capital (a regulation) may have contributed to bank failure in Mexico. While their system is not as developed as those found in the Developed markets, it is intriguing to consider this study as a precursor in looking toward the current crisis. Chapter 8 adds to the argument that floating and fixed rate regimes have equal potential to contribute to a crisis.Implicit in these arguments is the idea that monetary policy may not provide the ultimate solutions to mitigation and reduction of economic crisis occurrence.