Central Banking in Latin America: The Way Forward

¨ For small and open economies, higher international reserves serve that (buffer building) purpose despite the fact that pure floating exchange rate regimes would not theoretically require a high level of reserves¨.

Neoliberalism: Oversold?

From the IMF: interesting references to the chilean experience in restricting capital movements, an example of success in combining markets with appropriate regulation.

China and FX reserve adequacy, redux

http://ftalphaville.ft.com/2016/03/14/2156300/china-and-fx-reserve-adequacy-redux/

China’s got problems, but it won’t run out of reserves

http://ftalphaville.ft.com/2016/02/26/2154382/chinas-got-problems-but-it-wont-run-out-of-reserves/