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The journey to inflation targeting : easier said than done : the case for transitional arrangements along the road /

"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 inf...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Laurens, Bernard J. (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Monetary and Capital Markets Department, 2015.
Colección:IMF working paper ; WP/15/136.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 4 |a The journey to inflation targeting :  |b easier said than done : the case for transitional arrangements along the road /  |c Bernard J. Laurens [and others]. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Monetary and Capital Markets Department,  |c 2015. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper,  |x 1018-5941 ;  |v WP/15/136 
500 |a "June 2015." 
520 |a "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 
588 0 |a Online resource; title from PDF title page (IMF, viewed August 04, 2016). 
505 0 |a 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 
505 8 |a ""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 â€? 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"" 
505 8 |a 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 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
650 0 |a Monetary policy. 
650 0 |a Inflation targeting. 
650 0 |a Banks and banking, Central. 
650 0 |a Banks of issue. 
650 6 |a Politique monétaire. 
650 6 |a Ciblage d'inflation. 
650 6 |a Banques centrales. 
650 7 |a Banks of issue.  |2 fast  |0 (OCoLC)fst00827142 
650 7 |a Banks and banking, Central.  |2 fast  |0 (OCoLC)fst00827036 
650 7 |a Inflation targeting.  |2 fast  |0 (OCoLC)fst01763258 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
700 1 |a Laurens, Bernard J.,  |e author. 
710 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department. 
776 0 8 |i Print version:  |z 9781513567990 
830 0 |a IMF working paper ;  |v WP/15/136. 
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