Inflation Targeting In The Context Of Imf Supported Adjustment Programs
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Inflation Targeting In The Context Of Imf Supported Adjustment Programs
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Author : Mr.Pau Rabanal
language : en
Publisher: International Monetary Fund
Release Date : 2001-03-01
Inflation Targeting In The Context Of Imf Supported Adjustment Programs written by Mr.Pau Rabanal and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-03-01 with Business & Economics categories.
This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central bank and a floor on its net international reserves-should be adapted in IMF-supported adjustment programs with countries which have a framework of explicit inflation targets for the implementation of monetary policy. This adaptation should aim at enhancing correspondence and consistency between the monetary objectives of the central bank and the targets established under the IMF-supported adjustment program, as well as between the different instruments used to achieve the policy objectives and targets. The paper reviews various general options in this regard, and, using the case of Brazil as an example, demonstrates how these options may be implemented in practice.
Inflation Targeting In The Context Of Imf Supported Adjustment Programs
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Author :
language : en
Publisher:
Release Date : 2001
Inflation Targeting In The Context Of Imf Supported Adjustment Programs written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Conditionality (International relations) categories.
Conditionality In Evolving Monetary Policy Regimes
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-05-03
Conditionality In Evolving Monetary Policy Regimes written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-03 with Business & Economics categories.
With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.
Inflation Targeting In The Context Of Imf Supported Adjustment Programs
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Author : Mario I. Blejer
language : es
Publisher:
Release Date : 2001
Inflation Targeting In The Context Of Imf Supported Adjustment Programs written by Mario I. Blejer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Imf Staff Papers Volume 49 No 3
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2002-09-23
Imf Staff Papers Volume 49 No 3 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-23 with Business & Economics categories.
This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.
Inflation Targeting In The Context Of Imf Supported Adjustment Programs
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Author :
language : en
Publisher:
Release Date :
Inflation Targeting In The Context Of Imf Supported Adjustment Programs written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The International Monetary Fund (IMF) presents the full text of an article entitled "Inflation Targeting in the Context of IMF-Supported Adjustment Programs," by Mario I. Blejer, Alfredo M. Leone, Pau Rabanal, and Gerd Schwartz and published March 2001. The article argues that the IMF's traditional monetary conditionality should be adapted in IMF-supported adjustment programs with countries that have a framework of explicit inflation targets for the implementation of monetary policy, particularly Brazil.
Inflation Targeting In The Context Of Imf
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Author :
language : en
Publisher:
Release Date : 2001
Inflation Targeting In The Context Of Imf written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Inflation Targeting In The World Economy
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Author : Edwin M Truman
language : en
Publisher: Columbia University Press
Release Date : 2003-10-27
Inflation Targeting In The World Economy written by Edwin M Truman and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-27 with Business & Economics categories.
This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities—a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.
Inflation Targeting And The Imf
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Author : International Monetary Fund. Monetary and Financial Systems Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2006-03-16
Inflation Targeting And The Imf written by International Monetary Fund. Monetary and Financial Systems Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-16 with Business & Economics categories.
Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting countries to review the implications for the Fund’s approach to surveillance, technical assistance, and the design of conditionality in Fund-supported programs. For this examination, the paper uses macroeconomic data, technical assistance reports, and a new survey of central banks in selected emerging markets.
Statistical Implications Of Inflation Targeting
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Author : Mrs.Carol S. Carson
language : en
Publisher: International Monetary Fund
Release Date : 2002-09-25
Statistical Implications Of Inflation Targeting written by Mrs.Carol S. Carson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-25 with Business & Economics categories.
This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national statistical agency, the role of national statistical agencies becomes central to the credibility of monetary policy. Data needs and uses have also shifted, with implications for national and international statistics compilation: market data have gained in importance; less emphasis is placed on traditional monetary aggregates; and greater attention is paid to timeliness, adherence to sound economic accounting standards, and other aspects of data quality.