Inflation, Credibility, and the Role of the International Monetary Fund

Inflation, Credibility, and the Role of the International Monetary Fund
This paper argues that many developing countries may find it difficult to buttress disinflation programs purely through the adoption of traditional credibility-enhancing devices (such as monetary anchors and central bank independence), owing to "technical problems" (for example, high instability of money demand, increased capital mobility) and... READ MORE...

Publication date: September 1998
ISBN 9781451969337
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