Reúne trabajos de investigación sobre la banca central y economía en general, con énfasis en temas y políticas relacionados con la conducción económica de los países en desarrollo.
(Banco Central de Chile, 2023-08-09) Aguirre R., Álvaro; Fernández, Andrés; Kalemli-Ozcan, Sebnem
Emerging market economies (EMEs) are constantly exposed to shocks that originate in world capital markets, posing serious challenges to policymakers. By dealing with these shocks —Covid-19 representing the most recent event— several lessons have been learned in terms of the ways they
propagate as well as the various tradeoffs of policy responses available. Credibility and foreign investors’ risk perceptions are central when analyzing these episodes, and they are closely associated with the design of monetary and fiscal frameworks, as well as the conduct of unconventional
policies. This volume contributes to the study of these issues by focusing on the understanding of the array of challenges
and policy options for EMEs’ policymakers for short-run stabilization purposes as well as longer-term issues that should be on their radars, bringing together a multinational
group of distinguished scholars to discuss the latest research findings.