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This paper offers an in-depth review of the institutional arrangements underlying existing...

A central bank is financially strong if it possesses resources sufficient to attain its...

This paper develops and estimates a game-theoretical model of inflation targeting where the...

The specific role of central bank independence in determining the overall credibility of monetary...

This paper argues that many developing countries may find it difficult to buttress disinflation...

Fund member countries that adopt market-friendly policies often encounter a credibility...