Comment: Latin America's challenge

The latest edition of Finance and Development, the IMF's quarterly magazine with reader-friendly summaries of its research activities, argues that Latin American central banks face significant challenges in restoring market confidence in domestic currencies and maintaining policy consistency in the face of volatile capital flows.

COMMENT BY CENTRALBANKNET

These challenges look minute compared to what these central banks were up against a little over a decade ago. In 1990, average inflation in

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