The transformation and performance of emerging market economies across the great divide of the global financial crisis

Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the ad...

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Autores principales:	Bordo, Michael D., Siklos, Pierre
Formato:	Artículo
Lenguaje:	English
Publicado:	Banco Central de Chile 2021
Materias:	CRISIS FINANCIERA BANCOS CENTRALES INFLACIÓN
Acceso en línea:	https://hdl.handle.net/20.500.12580/6141
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spelling	oai-20.500.12580-61412021-10-19T17:34:26Z The transformation and performance of emerging market economies across the great divide of the global financial crisis Bordo, Michael D. Siklos, Pierre CRISIS FINANCIERA BANCOS CENTRALES INFLACIÓN Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the adoption of inflation targeting (IT), as analyzed in Bordo and Siklos (2014). Moreover, the adoption of best practices was viewed as a way for emerging market countries especially to “tie their hands” to deliver lower and more stable inflation rates without undue fiscal and/or political influence. Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the adoption of inflation targeting (IT), as analyzed in Bordo and Siklos (2014). Moreover, the adoption of best practices was viewed as a way for emerging market countries especially to “tie their hands” to deliver lower and more stable inflation rates without undue fiscal and/or political influence. 2021-10-19T17:28:41Z 2021-10-19T17:28:41Z 2021-10 Artículo 978-956-7421-69-5 978-956-7421-70-1 (pdf) 0717-6686 https://hdl.handle.net/20.500.12580/6141 en Series on Central Banking Analysis and Economic Policies; no. 28 Serie Banca Central, análisis y políticas económicas; no. 28 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 55-122 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	English
topic	CRISIS FINANCIERA BANCOS CENTRALES INFLACIÓN
spellingShingle	CRISIS FINANCIERA BANCOS CENTRALES INFLACIÓN Bordo, Michael D. Siklos, Pierre The transformation and performance of emerging market economies across the great divide of the global financial crisis
description	Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the adoption of inflation targeting (IT), as analyzed in Bordo and Siklos (2014). Moreover, the adoption of best practices was viewed as a way for emerging market countries especially to “tie their hands” to deliver lower and more stable inflation rates without undue fiscal and/or political influence.
format	Artículo
author	Bordo, Michael D. Siklos, Pierre
author_facet	Bordo, Michael D. Siklos, Pierre
author_sort	Bordo, Michael D.
title	The transformation and performance of emerging market economies across the great divide of the global financial crisis
title_short	The transformation and performance of emerging market economies across the great divide of the global financial crisis
title_full	The transformation and performance of emerging market economies across the great divide of the global financial crisis
title_fullStr	The transformation and performance of emerging market economies across the great divide of the global financial crisis
title_full_unstemmed	The transformation and performance of emerging market economies across the great divide of the global financial crisis
title_sort	transformation and performance of emerging market economies across the great divide of the global financial crisis
publisher	Banco Central de Chile
publishDate	2021
url	https://hdl.handle.net/20.500.12580/6141
work_keys_str_mv	AT bordomichaeld thetransformationandperformanceofemergingmarketeconomiesacrossthegreatdivideoftheglobalfinancialcrisis AT siklospierre thetransformationandperformanceofemergingmarketeconomiesacrossthegreatdivideoftheglobalfinancialcrisis AT bordomichaeld transformationandperformanceofemergingmarketeconomiesacrossthegreatdivideoftheglobalfinancialcrisis AT siklospierre transformationandperformanceofemergingmarketeconomiesacrossthegreatdivideoftheglobalfinancialcrisis
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The transformation and performance of emerging market economies across the great divide of the global financial crisis

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