the form of balances at the central bank. The role of these reserve requirements has evolved significantly over time. The …

This paper investigates the impact of the new capital requirements introduced under the Basel III framework on bank …

low long-run inflation objective, operational independence for the People's Bank of China (PBC) with formal strategic … interest rate fluctuations). We argue that anchoring monetary policy with an explicit inflation objective would be the most … reliable way for the PBC to tie down inflation expectations, and thereby enable monetary policy to make the best contribution …

This paper is the first attempt to look at inflation dynamics and monetary transmission mechanisms in Armenia in the …

for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …

effectiveness of the Central Bank of Congo in controlling inflation, despite a rapid policy response to inflation shocks. Options …

Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i …