Can Emerging Market Central Banks Bail Out Banks? A Cautionary Tale From Latin America

Can Emerging Market Central Banks Bail Out Banks? A Cautionary Tale From Latin America
This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse macroeconomic repercussions. Using panel data techniques,... READ MORE...

Publication date: November 2011
ISBN 9781463923976
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