Coordination and monetary policy among central banks. The NAFTA Case

Autores/as

  • Javier Galan Figueroa FACULTAD DE ECONOMIA, UNAM
  • Fátima Irina Villalba Padilla Escuela de Negocios, Universidad Iberoamericana (IBERO-México)

Palabras clave:

Coordinación entre bancos centrales, política monetaria, estabilidad monetaria-financiera

Resumen

En el presente trabajo se demostró cómo los bancos centrales que integran el TLCAN (Canadá, Estados Unidos de América y México), se coordinan alrededor del país líder a fin de mantener la estabilidad y el buen funcionamiento de los mercados financieros. Para ello se estimó un modelo VAR con el objetivo de mostrar la interdependencia entre las tasas de interés de política monetaria. De acuerdo con los resultados obtenidos, se encontró evidencia de que las tasas de interés de Canadá y México se encuentran determinadas en mayor medida por las decisiones monetarias de la Reserva Federal y en menor grado por las condiciones internas. Confirmando con ello que la interdependencia entre los países que integran el TLCAN gira en torno a la economía líder.

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Publicado

2022-07-31

Cómo citar

Galan Figueroa, J., & Villalba Padilla, F. I. (2022). Coordination and monetary policy among central banks. The NAFTA Case. Revista Economía Y Política, (36), 33–49. Recuperado a partir de https://publicaciones.ucuenca.edu.ec/ojs/index.php/REP/article/view/4215

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