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Welcome,

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.

 

News

XLVI Meeting of Central Bank Governors of the American Continent LXXXVII Meeting of Central Bank Governors of Latin America and Spain

Under the presidency of Héctor Valdez Albizu, Governor of the Central Bank of Dominican Republic , the representatives analysed international economic and financial outlooks, the current world economy, policies applied by the countries within the framework of the crisis and future risks. The speakers referred to the role of the central banks in the financial crisis, analysed the Latin American situation, and warned about the shift in the characteristics and sources of funding for the regional economies. The experts agreed that the crisis found a better-prepared region than in previous occasions, but they admitted that Latin America would still be affected by an undermined world economy whose recovery will be gradual. The meeting was held on May 14th and 15th in Punta Cana, and it featured the characteristic hospitality and kindness of the Dominican hosts.


Within the frame of the XLVI Meeting of Central Bank Governors, Board of Governors and Assembly of CEMLA in Punta Cana.

As anticipated, the Assembly of the Centre for Latin American Studies (CEMLA) took place in Dominican Republic. Under the presidency of Peru’s Governor, Mr Julio Velarde, the Assembly approved the appointment of a new Governing Board for the 2009-2011 period. The unanimously appointed Governing Board is now constituted by the following countries:

Member Country

Associate Countries Represented

Mexico

Mexico

Argentina

Argentina and Uruguay

Brazil

Brazil and Bolivia

Venezuela

Venezuela y Cuba

Nicaragua

Guatemala, Costa Rica, El Salvador, Haiti, Honduras, Nicaragua, Dominican Republic

Trinidad and Tobago

Barbados, Bahamas, Caribbean Oriental, Cayman Islands, Guyana, Jamaica, Suriname, Trinidad y Tobago

Colombia

Colombia, Chile, Ecuador y Peru

The new Board unanimously chose Mr José Darío Uribe, President of the Bank of the Republic of Colombia, as the new President for the May 2009-May 2010 period. The Centre for Latin American Studies also approved the above-mentioned appointment.


Report of Activities

Among other subjects, the outgoing Board of Governors approved CEMLA’s Report of Activities and Financial Results for the year 2008 presented by the Director General. Other initiatives were also approved, such as the one to support further training for officers. Finally, the Board urged the central bank members to be actively involved in the recently designed Human Resources Database of the Central Banks. In this opportunity, CEMLA also presented to the Governors and Representatives the progress of one of its programs concerning the Inter-American Frame for Payments after the recent experience of Banco de Mexico and the Federal Reserve of Atlanta and anticipated some aspects of the Meeting on Economic and Financial Education to be held in Bogota. It was also reported that CEMLA had been invited to preside the Group of Technical Assistance in the context of a recent initiative launched by Bretton Woods’ organisms (World Bank and International Monetary Fund) known as Debt Management Service.


 

Coming activities 2009

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June 30 to July 2
Modelling and Forecasting
Kingston, Jamaica

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July 6-10
Credit Derivatives
Mexico D.F., Mexico

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updated!
July 13-15
Oversight of Payment Systems
Antigua, Guatemala

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July 13-17
Learning and Expectations Formation (Prof. Klaus Adam)
Brasilia, Brazil

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CANCELLED!
Balance of Payments and the International Investment Position
Tegucigalpa, Honduras

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July 20-24
Macroeconometrics for Monetary Policy
Asunción, Paraguay

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August 3-7
Estimation of Dynamic Stochastic General Equilibrium (DSGE) using Bayesian Techniques (Prof. Fabio Canova)
Mexico D.F., Mexico

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August 3-14
Open Market Operations and Monetary Policy
Mexico D.F., Mexico

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August 10-21
System of National Accounts
Caracas, Venezuela

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August 12-14
Course: An Introduction to the New Keynesian Framework and its Monetary Policy Applications
Lima, Peru

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August 17-21
Seminar on Market Risk Analysis
Mexico D.F., Mexico

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August 19-21
Legal Aspects of Central Bank Operations
San José, Costa Rica

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updated!
August 24-28
Financial System and Central Banking
Mexico D.F., Mexico

 

 


Calendar of Activities 2009

Multi-Year Programmes

Remittances Measurement

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Report: International Remittances in Honduras

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IV Seminario Anual del Programa de Remesas
Documents presented
 


 

Payments Forum

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Payments Week 2008
Documents presented

Western Hemisphere Credit & Loan Reporting Initiative

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Credit and Loan Reporting Systems in  Chile
Final Version

Working Groups

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Budgetary and Accounting

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Communications

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Human Resources Managment

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Internal Audit

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Legal Advisors

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Central Bank Researchers Network of the Americas

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Systematization

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Treasury

 

Publications

Boletín

Volumen LIV, 2008
Número 4, octubre-diciembre

 

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El nuevo dilema monetario para la región

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El sistema de costeo del Banco Central de Brasil: cuatro años en funcionamiento, una evaluación

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¿Acumulación de reservas: objetivo o subproducto?

Monetaria

Volumen XXXI, 2008
Número 4, septiembre-diciembre

 

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¿Qué es lo que nos dicen los datos de los precios microeconómicos sobre la validez de la curva de Phillips neokeynesiana?

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Financiamiento de la vivienda y valores respaldados con hipotecas en México.

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Modelo de factores para pruebas de tensión con un modelo de derechos contingentes del sistema bancario chileno.

Money Affairs

Volume XXI, 2008
Number 1,
January-June

 

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Determinants of commercial banks’ cost of financial intermediation in Jamaica: a maximum likelihood estimation approach

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What is the size of the pie? Measuring the informal economy in Latin America and the Caribbean

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Price dynamics in the Eastern Caribbean

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Banknote printing at modern central banking: trends, costs and efficiency

Essays
Teoría del consumo
Emilio Fernández-Corugedo. Ensayo 77


Monetary and Financial Statistics
Monetary and Financial Statistics Division,
Bank of England. Essay 75
Spanish translation by CEMLA


Newsletter


 
 
 

Centre for Latin American Monetary Studies
Durango 54, Col. Roma, México, D.F., México, 06700
+52 (55) 5061 6640