A New Taxonomy of Monetary Regimes

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  • A New Taxonomy of Monetary Regimes Book Detail

  • Author : Mr.Ashok Bhundia
  • Release Date : 2004-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 45
  • ISBN 13 : 1451859740
  • File Size : 23,23 MB

A New Taxonomy of Monetary Regimes by Mr.Ashok Bhundia PDF Summary

Book Description: This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonautonomy, (ii) weak anchor, (iii) money anchor, (iv) exchange rate peg, (v) full-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the commitment-discretion tradeoffs that lie at the heart of choosing a monetary regime. During the last 15 years the world has moved toward monetary regimes with less discretion. Empirical analysis suggests that country regime choices reflect the level of financial and economic development and recent inflation history.

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A New Taxonomy of Monetary Regimes

A New Taxonomy of Monetary Regimes

File Size : 89,89 MB
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This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonauto

A New Taxonomy of Monetary Regimes

A New Taxonomy of Monetary Regimes

File Size : 81,81 MB
Total View : 1850 Views
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This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonauto

Monetary Regime Transformations

Monetary Regime Transformations

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This important volume collects, for the first time, key essays and papers on monetary regime transformations by economists, historians and political scientists