Inflation-targeting systems and exchange rates: the role of global financial variables in emerging economies

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cepal.articleNo6
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2024/11-P
cepal.docTypeRevistas
cepal.jelCodeE58
cepal.jelCodeF31
cepal.jelCodeF40
cepal.jobNumber06farias_RVE-144E
cepal.physicalDescriptiongráficos, tablas.
cepal.regionalOfficeSantiago
cepal.topicEngINFLATION
cepal.topicEngPRICES
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaINFLACIÓN
cepal.topicSpaPRECIOS
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorFarias, Eliene de Sá
dc.contributor.authorMattos, Leonardo Bornacki de
dc.contributor.authorda Fonseca, Mateus Ramalho Ribeiro
dc.date.accessioned2025-06-09T15:01:03Z
dc.date.available2025-06-09T15:01:03Z
dc.date.issued2024-12
dc.description.abstractIn this article the authors seek to determine whether global financial shifts are more costly for emerging economies that have adopted an inflation-targeting system than they are for countries that have no such system in place. The countries’ exchange rates and the volatility of those rates are used as yardsticks for measuring these costs. The authors’ findings indicate that, if a country adopts an inflation-targeting system and witnesses an increase in foreign capital inflows, it may experience a greater currency depreciation and less exchange rate volatility than a country without such a system. When the world interest rate rises, however, emerging economies with inflation-targeting systems experience greater exchange rate volatility than their counterparts that have no targeting system. In addition, the adoption of an inflation-targeting system by an emerging economy may result in a reduction in the exchange rate pass-through to domestic prices.
dc.formatTexto
dc.format.extentpáginas 95-113
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2024/11-P
dc.identifier.urihttps://hdl.handle.net/11362/81709
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo144
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordSistemas de metas de inflación y tipos de cambio: el papel de las variables financieras mundiales en los países emergentes
dc.relation.translationUrihttps://hdl.handle.net/11362/81228
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngINFLATION
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngINTERNATIONAL MONETARY SITUATION
dc.subject.unbisEngEMERGING MARKETS
dc.subject.unbisEngDEVELOPING COUNTRIES
dc.subject.unbisEngMATHEMATICAL MODELS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaSITUACION MONETARIA INTERNACIONAL
dc.subject.unbisSpaMERCADOS EMERGENTES
dc.subject.unbisSpaPAISES EN DESARROLLO
dc.subject.unbisSpaMODELOS MATEMATICOS
dc.titleInflation-targeting systems and exchange rates: the role of global financial variables in emerging economies
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication4c7e9716-84bd-4a73-87b4-8c2091905910
relation.isAuthorOfPublicationc24af55e-19b2-43c7-9549-11cc51203764
relation.isAuthorOfPublication748181fa-8006-45cb-a1a8-75071e2e940a
relation.isAuthorOfPublication.latestForDiscovery4c7e9716-84bd-4a73-87b4-8c2091905910
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