Can Emerging Market Central Banks Bail Out Banks? : A+L4848 Cautionary Tale From Latin America /

This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse macroeconomic...

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Bibliographic Details
Main Author: Jacome H., Luis I.
Other Authors: Saadi Sedik, Tahsin, Townsend, Simon
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/258
Online Access:Full text available on IMF