Center for Latin American Monetary Studies

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The CEMLA is the regional association of Latin American and Caribbean central banks. Its main objective since 1952 is cooperation amongst its members in order to promote a better knowledge of monetary and financial topics in the region.

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Calendar of Activities for 2012

CEMLA Board of Governors approved the Calendar of Activities 2012 during its last meeting, held on September 21, 2011 in Washington D. C., United States.

- Events by date
Last updated February 3rd, 2012

Turks and Caicos Islands Financial Services Commission

CEMLA is pleased to announce the recent addition of the Turks and Caicos Islands Financial Services Commission as collaborating member of the Center since January 1, 2012, as agreed by the Board of Governors during the meeting held in Washington D. C., on September 21, 2011. Thus, CEMLA’s membership has been increased to 54 institutions. The latter includes two kinds of members, the associated (regional central banks and monetary authorities) and the collaborating ones (extra-regional central banks and other institutions).

Central Bank Award Rodrigo Gómez, 2011

The Board of Governors of CEMLA decided on September 21, 2011 to grant the Rodrigo Gómez Award 2011 to Daniel Sámano, official of Banco de Mexico, who participated with the study In the Quest of Macroprudential Policy Tools. This document, which will be published in English and Spanish, explores whether two policy instruments, namely, a capital adequacy ratio (CAR) rule and a Taylor rule, allow a better macroeconomic outcome than a Taylor rule alone, considering that the global financial crisis of late 2008 provided convincing evidence that price stability is not a sufficient condition for financial stability.

Performed activities 2011
Documents presented in recent activities

Payment Systems Oversight
La Paz, Bolivia
The Implementation of Monetary Policy: Lessons from the Crisis and Challenges for the Coming Years
Kuala Lumpur, Malaysia
Reality and Future of Libraries in the Latin American Central Banks
Caracas, Venezuela.
Reality and Future of Libraries in the Latin American Central Banks
Caracas, Venezuela

I Seminar on Risk Information Centers
Madrid, Spain

XI Meeting of Central Bank Internal Auditors
Santo Domingo, Dominican Republic

Central Bank Governor Meetings
Washington D. C., United States

Institutional Accounts
Asunción, Paraguay

XXXIV Meeting on Central Bank Systematization
Santiago, Chile
Supervision of Savings and Credit Cooperatives and Deposit Protection
Mexico City, Mexico
Seminar Informal Economy
Caracas, Venezuela
Central Balance Sheet and XBRL
Montevideo, Uruguay
Payment Systems: A Comprehensive View
Mexico City, Mexico
XCI Meeting of CEMLA Central Bank Governors
Cartagena, Colombia

Activities 2011

Publications

Boletín

Volumen LVII, 2011
Número 3, julio-septiembre

Situación actual de los sistemas de pago de bajo valor en América Latina y el Caribe.
Raúl Morales
Operatoria de política monetaria y regulación macroprudencial.
Jean François Clevy Aguilar
Cómo lograr el máximo crecimiento a largo plazo.
Jean-Claude Trichet
Gestión de la entrada de capitales: ¿Qué herramientas usar?
Jonathan D. Ostry, Atish R. Ghosh, Karl Habermeier, Luc Laeven, Marcos Chamon, Mahvash S. Qureshi y Annamaria Kokenyne.

Monetaria

Volumen XXXIV, 2011
Número 3, julio-septiembre

¿Puede el Perú ser un nuevo milagro económico?
Raymundo Chirinos
Una medición de la preocupación social por la inflación en Uruguay.
Santiago García y Carolina Rocha
Ir en contra de los fundamentos y el momento oportuno de la política monetaria.
Itai Agur y Maria Demertzis

Money Affairs

Volume XXIV, 2011
Number 1, January-June .

Offshore Barbados: a critical analysis.
Troy Lorde, Jason Lacorbiniere and Brian Francis.
Estimations of the natural rate of interest in Colombia.
Eliana González, Luis F. Melo, Luis E. Rojas and Brayan Rojas.
A dynamic factor model of quarterly real gross domestic product growth in the Caribbean: the case of Cuba and the Bahamas.
Philip Liu and Rafael Romeu.
Monetary policy “alternatives” in the face of a dysfunctional transmission mechanism.
Sharon Miller-Betty