The International Monetary Fund (IMF) is an international organization of 185 Member Countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries in order to help ease balance of payments adjustments.
“This book is a wonderful reference for anyone interested in
foreign exchange markets. While the focus is on Latin America, the
analytical, general policy, operational, and technical issues
studied in these chapters have global appeal. For academics, it
brings an older literature up to date in the context of the shift
to greater exchange rate flexibility and the comparatively newer
practices of central banks with inflation targeting. For
policymakers, it is essential reading, as it provides a discussion
of both general considerations in intervention strategies and
country case studies with a rich array of experiences. For
financial market participants, understanding central banks and
their policies forms an integral part of informed investment
decision making.” - Carmen M. Reinhart, Minos A. Zombanakis
Professor of the International Financial System
“This book is an invaluable contribution to the analysis of
experiences of Latin American countries regarding the evolution of
their foreign exchange policies. Overall, the region has made
progress in developing their financial markets and adopting
stronger foreign exchange regimes.” - Alejandro Díaz de León,
Governor of the Central Bank of Mexico
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