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reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10014400741
This paper discusses the central banking, monetary, and banking laws for 17 countries in Europe, an area where many of the techniques that are now universally used in regulating or controlling the supply of money and credit were developed. The complete text of the basic central bank law of each...
Persistent link: https://www.econbiz.de/10014397640
There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence against the background of arrangements in nine countries. The analysis suggests that...
Persistent link: https://www.econbiz.de/10014396496
Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided...
Persistent link: https://www.econbiz.de/10014402084
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level …
Persistent link: https://www.econbiz.de/10014401393
Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing …
Persistent link: https://www.econbiz.de/10012604417
Persistent link: https://www.econbiz.de/10001978133
On June 20, 2018, the Executive Board approved the largest stand-by arrangement in the Fund's history, in support of Argentina's 2018-21 economic program. After an augmentation in October 2018, access under the arrangement amounted to USD 57 billion (1,227 percent of Argentina's IMF quota). The...
Persistent link: https://www.econbiz.de/10013169527
The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting …
Persistent link: https://www.econbiz.de/10012516441
Persistent link: https://www.econbiz.de/10000532491