| Description |
1 online resource. |
|
text file |
| Series |
IMF working paper,
1018-5941 ;
WP/15/136
|
|
IMF working paper ; WP/15/136.
|
| Note |
"June 2015." |
| Summary |
"Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road."--Abstract |
| Contents |
Cover Page -- Title Page -- Copyright Page -- Contents -- Tables -- Figures -- Appendixes -- I. Introduction -- 1. Central Bank Independence Scores -- 2. Monetary Regimes in Low and Middle Income Countries -- II. Choice of a Framework for Countries with Evolving Monetary Regimes -- A. General Considerations -- 1. Key Components of a Monetary Policy Framework -- 3. Key Features of Conventional Monetary and Inflation Targeting Frameworks -- B. Evolving Monetary Regimes -- III. Transitional Arrangements: Stylized Frameworks |
|
""A. When Is Reserve Money Targeting Useful?""""B. Continued Relevance of Monetary Aggregates and Monetary Analysis""; ""C. A Conceptual Framework for Transitioning""; ""2. Stylized Transitional Frameworks""; ""4. Stylized Transitional Frameworks: Key Features""; ""D. A Taxonomy of Transitional Frameworks""; ""3. Monetary Program and Revisions � A Simple Illustration""; ""IV. Mapping Options and Conformity with Practices""; ""A. Building Blocks for Effective Monetary Policy""; ""5. Building Block for Effective Monetary Policy""; ""B. Mapping Exercise"" |
|
6. Mapping Options with Country SpecificationsV. Summary and Conclusions -- I. Key Concepts -- II. Transmission Channels of Monetary Policy -- 4. Transmission Channels -- III. Role of Money in Monetary Policy: The Conceptual Debate -- IV. Guiding Principles for Monetary Policy Formulation -- V. Liquidity Management in the Transition -- References -- Footnotes |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Monetary policy.
|
|
Monetary policy. |
|
Inflation targeting.
|
|
Inflation targeting. |
|
Banks and banking, Central.
|
|
Banks and banking, Central. |
|
Banks of issue.
|
|
Banks of issue. |
| Added Author |
Laurens, Bernard J., author.
|
|
International Monetary Fund. Monetary and Capital Markets Department.
|
| Other Form: |
Print version: 9781513567990 |
| ISBN |
1513534300 |
|
9781513540849 |
|
151354084X |
|
1513567993 |
|
9781513567990 |
|
1513540734 |
|
9781513540733 |
|
9781513534305 (electronic book) |
| Standard No. |
10.5089/9781513567990.001 |
|
