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Monetaria

Is an academic journal published by CEMLA since 1978. The journal has changed over time in order to further achieve its main objective: disseminate research papers on economic topics of interest to central banks, particularly those of Latin America and the Caribbean.

In 2010, CEMLA began a process of change aimed at strengthening the journal. Thus, in 2011 an Editorial Committee external to the Center was created, which is supported by an Editorial Board and a Technical Committee. The journal was not published in 2012 in order to implement the modifications. As a result, starting in 2013 the content will be selected by peer-review refereeing (double blind) and the journal will be released every six months, in two identical volumes, in Spanish and English; and authors can submit papers for review in Spanish, English or Portuguese.

The first issue of Monetaria, after the above mentioned changes, is volume XXXV in Spanish/volume I in English, number 1, January-June 2013; its content was provided by invited authors, who contributed with articles within the topic Lessons from the Financial Crisis for Latin America and the Caribbean.

 

Editorial Board Members

  • Andrés R. Bianchi Larre (Chile)
  • Jorge Braga de Macedo (Portugal)
  • Guillermo Calvo (Argentina)
  • Vittorio Corbo (Chile)
  • José Fernando De Gregorio R. (Chile)
  • Jordi Galí (Spain)
  • Francisco de Paula Gutiérrez Gutiérrez (Costa Rica)
  • Arnold C. Harberger (United States)
  • Gustavo Loyola (Brazil)
  • Miguel Mancera Aguayo (Mexico)
  • Enrique Mendoza (Mexico)
  • Guillermo Ortiz (Mexico)
  • Manuel Ramos-Francia (Mexico)
  • Miguel Urrutia Montoya (Colombia)
  • Carlos Végh (United States)
  • Richard Webb (Peru) 
  • Marion Williams (Barbados)

Editorial Committe Members

  • Adrián Armas Rivas, Banco Central de Reserva del Perú
  • Jorge Carrera, Banco Central de la República Argentina
  • Óscar Carvallo Valencia, CEMLA
  • Daniel Isaac Chiquiar Cikurel, Banco de México
  • Eduardo Lima, Banco Central do Brasil 
  • Alberto Naudón D., Banco Central de Chile
  • Jorge Portillo, Banco Central de Venezuela, President of the Editorial Committee
  • Jorge Hernán Toro Córdoba, Banco de la República, Colombia

Non-permanent Members

  • Enrique Alberola Ila, BIS
  • Fausto Hernández Trillo, Centro de Investigación y Docencia Económicas (México)
  • Isabel Horta Correia, Banco de Portugal
  • Emanuel Kohlscheen, BIS

Technical Committee Members

  • Sergio Afonso Lago Alves, Banco Central do Brasil 
  • Carolina Pagliacci, Banco Central de Venezuela
  • Alberto Ortiz, CEMLA
  • María José Roa, CEMLA
  • Martín Tobal, Banco de México
  • Marco Vega, Banco Central de Reserva del Perú

 

Volume IV, 2016

Number 2, July-December 2016

  • The Interbank Market in Colombia and the Supply of Liquidity by the Banco de la República
    Pamela A. Cardozo Ortiz, Carlos A. Huertas Campos, Julián A. Parra Polanía and Lina V. Patiño Echeverri
  • Financial Development and the Volatility of Growth: Time Series Evidence for Mexico
    and United States
    Rodolfo Cermeño, María José Roa García and Claudio González-Vega
  • What Is the Role of Size in Latin American Bank’s Perfomance in Response to External Shocks?
    Luis Arturo Bárcenas, Lorena Barreiro and Carolina Pagliacci
  • The Effects of US Unconventional Monetary Policies in Latin America
    Fructuoso Borrallo, Ignacio Hernando and Javier Vallés

Number 1, January-June 2016

  • Systemic Risk, Aggregate Demand, and Commodity Prices: An Application to Colombia
    Javier Guillermo Gómez-Pineda and Juan Manuel Julio-Román
  • Dutch Disease Exchange Rate Incidence over Profits of Traded and Nontraded Goods
    Eduardo Sarmiento G. and Martha López
  • Ecuatorian Financial System Exposures: A Network Theory Approach
    María Isabel Camacho Cárdenas, Ivonne Stefanía Cilio Mejía and Juan Pablo Erráez Tituana
  • Long-run Money Demand in Latin American Countries: A Nonstationary Panel Data Approach
    César Carrera

Volume III, 2015

Number 2, July-December 2015

  • Country Risk, Macroeconomic Fundamentals and Uncertainty in Latin American Economies
    Ali Acosta, Daniel Barráez, Danyira Pérez and Mariana Urbina
  • Fundamentals for the Price of Housing in Uruguay
    Jorge Ponce
  • Commodity Price Shocks and Inflation within an Optimal Monetary Policy Framwork:
    the case of Colombia
    Luis Eduardo Arango, Ximena Chavarro and Eliana González
  • Countercyclical Capital Buffer: The Case of Uruguay
    Cecilia Dassatti, Alejandro Pena, Jorge Ponce and Magdalena Tubio

Number 1, January-June 2015

  • Marriage, Employment Participation and Home Production in Search Equilibrium
    Roberto Bonilla and Alberto Trejos
  • Inflation Dynamics and the Hybrid New Keynesian Phillips Curve: The Case of Chile
    Carlos A. Medel
  • Household Debt and Uncertainty: Private Consumption after the Great Recession
    Ángel Estrada, Daniel Garrote, Eva Valdeolivas and Javier Vallés
  • A Review of the Financial Regulatory Framework of Barbados
    Anthony Wood and Kimarie Clement

 

Volume II, 2014

Number 2, July-December 2014

  • Temporary Resource Booms and Manufacturing Output: A Global Perspective
    Cristina Fernández, Mejía Leonardo Villar Gómez
  • A Structural Analysis of Oil Price Shocks on the Jamaican Macroeconomy
    Kirsten Roach
  • Economic Growth and Convergence in Latin America, 1950-2010
    Domingo Rodríguez Benavides, Ignacio Perrotini Hernández, Miguel Ángel Mendoza González
  • Policy Implications for the Application of Countercyclical Capital Buffers When the Government Borrowing Crowds Out Private Sector Credit: The Case of Jamaica
    R. Brian Langrin, Lavern McFarlane

Number 1, January-June 2014

  • Foreign Exchange Interventions and their Impact on Exchange Rate Levels
    Gustavo Adler and Camilo E. Tovar
  • Anchoring of InflationExpectations after Adverse Supply Shocks
    Ana María Aguilar, Gabriel Cuadra, Claudia Ramírez and Daniel Sámano
  • The Determinants of Banks' Liquidity Buffers in Central America
    Corinne Deléchat, Camila Henao, Priscilla Muthoora and Svetlana Vtyurina
  • Analysis of the Real Exchange Rate in the Dominican Republic: A Study Based on the International Monetary Fund's Assessment Methodologies
    Harold A. Vásquez-Ruiz and Rafael A. Rivas Cueto

 

Volume I, 2013

Number 2, July-December 2013

  • Output Gap and Neutral Interest Measures for Colombia
    Ándres González, Sergio Campos, Julián Pérez and Diego Rodríguez
  • Estimating the Exchange Rate Pass-through to Prices in Mexico
    Josué Cortés Espada
  • Credit Market Shock, Monetary Policy, and Economic Fluctuations
    Alberto Ortiz Bolaños
  • Assessing the Impact of Nonperforming Loans on Economic Growth in The Bahamas
    Alwyn Jordan and Carisma Tucker

 

Number 1, January-June 2013

Articles

  • Optimal Holdings of International Reserves: Self-insurance against Sudden Stops
    Guillermo Calvo, Alejandro Izquierdo and Rudy Loo-Kung
  • The International Crisis and Latin America
    Vittorio Corbo and Klaus Schmidt-Hebbel
  • Fiscal Moral Hazard Due to Monetary Integration
    Allan Hernández Alberto Trejos
  • Heading into Trouble: A Comparison of the Latin American Crises and the Euro
    Area’s Current Crisis
    Manuel Ramos -Francia, Ana María Aguilar-Argaez, Santiago García-Verdú and Gabriel Cuadra-García

Essays

  • Latin America During the Crisis: The Role of Fundamentals
    João Pedro Bumachar Resende and Ilan Goldfajn
  • Things We Learn from Crises
    Eduardo Levy Yeyati

 

 

 

 

Submission process for
Monetaria

CEMLA receives articles or essays (papers in general) for peer-review refereeing on a continuous basis. Any person may submit original papers to be published in Monetaria provided the author or owner of its rights authorizes CEMLA to submit the article for peer-review refereeing and grants the Center translating, editing and publishing rights if accepted for publication.

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