Monetary Policy Frameworks In A Global Context


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Monetary Policy Frameworks in a Global Context


Monetary Policy Frameworks in a Global Context

Author: Lavan Mahadeva

language: en

Publisher: Routledge

Release Date: 2012-11-12


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This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journal

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries


Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

Author: International Monetary Fund

language: en

Publisher: International Monetary Fund

Release Date: 2015-10-23


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Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

Issues in Monetary and Fiscal Policy in Small Developing States


Issues in Monetary and Fiscal Policy in Small Developing States

Author: Anthony Birchwood

language: en

Publisher: Commonwealth Secretariat

Release Date: 2011-09-23


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This study examines how monetary and fiscal policies are implemented in Caribbean small states, tracing the differences and similarities in tax structure, current expenditure and current revenues. It shows the impact of monetary policy on inflation and the importance of exchange rate regimes to the effectiveness of monetary policy in the region. The authors show that fiscal stabilisation in the region is very low and as such countries within the region would benefit from insurance mechanisms and stabilisation funds.