The current monetary policy framework in several Latin American countries, combining inflation targeting and a floating exchange-rate regime, has contributed to disinflation by anchoring expectations around low, stable levels. This paper uses co-integration analysis to estimate simultaneously a...

Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....

The deployment of RFID brings significant economic promise. But is RFID sufficiently secure and privacy-friendly ? This paper clarifies the capabilities and limitations of RFID, identifies the associated security and privacy challenges, and suggests measures that can be implemented to address them.