Monetary policy strategies for Latin America
By: Frederic S. Mishkin and Miguel A. Savastano.
Contributors: Savastano, Miguel A.; World Bank. Financial Sector Strategy and Policy Group.
Series: Policy research working paper ;; 2685; Policy research working papers (Online) ;; 2685.
Publisher: World Bank, Financial Sector Strategy and Policy Department
Published: 2001
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Monetary policy -- Latin America.; Foreign exchange rates -- Latin America.; Inflation (Finance) -- Latin America.; Anti-inflationary policies -- Latin America.
Description: 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.
Notes: Includes bibliographical references (p. 29-31).
Title from title screen as viewed on Aug. 26, 2002.
"October 2001."
Also available in print.
Mode of access: World Wide Web.