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Financial Policies and the Prevention of Financial Crises in Emerging Market Countries

Mishkin, Frederic S. - 2001

This paper outlines a set of financial policies that can help make financial crises less likely in emerging market countries. To justify these policies, the paper first explains what a financial crisis is, the factors that promote a financial crisis and the dynamics of a financial crisis. It...

Persistent link: https://www.econbiz.de/10012470642

International Experiences with Different Monetary Policy Regimes

Mishkin, Frederic S. - 1999

This paper examines the international experiences with four basic types of monetary policy regimes: 1) exchange-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal anchor. The basic theme that emerges from this...

Persistent link: https://www.econbiz.de/10012471842

International Experiences with Different Monetary Policy Regimes

Mishkin, Frederic S. - 2000

Persistent link: https://www.econbiz.de/10012470870

Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates

Svensson, Lars E.O. - 1992

The paper argues that the reason real world fixed exchange rate regimes usually have finite bands instead of completely fixed exchange rates between realignments is that exchange rate bands, counter to the textbook result, give central banks some monetary independence, even with free...

Persistent link: https://www.econbiz.de/10012474758

Escaping from a Liquidity Trap and Deflation : The Foolproof Way and Others

Svensson, Lars E.O. - 2003

conclude that the Foolproof Way is likely to work well for Japan, which is in a liquidity trap now, as well as for the euro …Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the … area and the United States, in case either would fall into a liquidity trap in the future …

Persistent link: https://www.econbiz.de/10012468499