CEMLA is since 1952 the Center for Latin American Monetary Studies, an association of central banks with the goal of conducting frontier economic research and promoting capacity building in the areas of monetary policy, financial stability, and financial market infrastructures. CEMLA’s primary purpose is to foster cooperation among its more than 50 associated central banks and financial supervisory authorities across the Americas, Europe, and Asia, encouraging policies and technical advances that enhance price and financial stability as key conditions to achieve economic development and improve living conditions through stable and sound macro-financial fundamentals.