part of this system have had confidence in it. Its credibility began to lose after the great crisis of 1992-1993, and in … 1999 it was recognised the failure of this system. In the present work we have chosen to analyze the credibility of the …

Credibility of an exchange rate policy is one of the most important factors contributing to success or failure of any … future course. There are clear advantages of high credibility of exchange rate policy to the country's disinflation efforts … whether one can quantify credibility and find factors that are affecting it. Various studies found in the literature have …

Exchange-rate-based stabilisations, even if successful, usually lack credibility initially. This is reflected in high …

The credibility of a central bank’s anti-inflation stance, a key determinant of its success, may reflect institutional … natural experiment for considering whether, and how, central bank credibility evolves. In this paper, we present a model …

inflation and policy credibility. Second, out of these two ‘commitment technologies,’ EIT is shown to be socially superior to …