IMF paper assesses macro-prudential models in Latin America
A working paper published by the International Monetary Fund in July considers the effectiveness of macro-prudential policy regimes in eight Latin American countries, and suggests areas in which they could be improved.
The authors, Luis Jácome, Erlend Nier and Patrick Imam, divide the regimes into the 'Pacific model', which separates monetary and macro-prudential policy, and the 'Atlantic model', which integrates the two. The paper finds that separation of powers, where the government is
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