Bank for International Settlements

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Research Papers in Economics

 
Foreword 
Since 2006, the Bank for International Settlements (BIS), through its Representative Office 
for the Americas, has sponsored sessions at the annual meetings of the Latin American and 
Caribbean Economic Association (LACEA). The BIS invites high level central bank officials 
and leading academics to these sessions to stimulate the exchange of views on issues 
relevant to the central banking community in the region.  
In this BIS Paper, we are publishing selected presentations from the BIS-sponsored sessions 
at the two most recent LACEA annual gatherings: the November 2008 meeting, in Rio de 
Janeiro, and the October 2009 meeting, in Buenos Aires. The 2008 papers in this volume are 
by José de Gregorio, Governor of the Central Bank of Chile, and Guillermo Calvo, professor 
of economics at Columbia University; the 2009 presentations are by Vittorio Corbo, former 
Governor of the Central Bank of Chile, and Michael Dooley, professor of economics at the 
University of California, Santa Cruz.  
This volume includes introductions by Már Gudmundsson, Deputy Head of the BIS Monetary 
and Economic Department (MED) when he chaired the 2008 session and now Governor of 
the Central Bank of Iceland; and by Philip Turner, Head of the BIS Secretariat Group when 
he chaired the 2009 session and now a Deputy Head of MED. The volume also contains a 
summary prepared by Camilo E Tovar, Senior Economist at the Americas Office, who 
organised and coordinated the sessions and edited the papers published here.  
We at the BIS and its Representative Office for the Americas are convinced that forums of 
this kind help improve the quality of the debate on topics that are relevant to the central 
banking community and the economies of the region.  
Gregor C Heinrich 
Chief Representative 
Office for the Americas 
 
BIS Papers No 51  iii
 

Perspectives on inflation targeting, financial stability and the global crisis

http://www.bis.org/publ/bppdf/bispap51_foreword.pdf

Perspectives on inflation targeting, financial stability and the global crisis

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Research Papers in Economics