Blejer, Mario I.; Leone, Alfredo M.; Rabanal, Pau; … - In: IMF Staff Papers 49 (2002) 3, pp. 2-2
This paper argues that the IMF's traditional monetary conditionality--a ceiling on net domestic assets of the central bank and a floor on its net international reserves--should be adapted in IMF-supported adjustment programs with countries that have a framework of explicit inflation targets for...