Monetary policy strategies for Latin America
Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
World Bank, Financial Sector Strategy and Policy Department
2001
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting |
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| Item Description: | "October 2001. - Includes bibliographical references (p. 29-31). - Title from title screen as viewed on Aug. 26, 2002 |