Central Bank Emergency Support to Securities Markets
In: IMF Working Paper No. 17/152
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In: IMF Working Paper No. 17/152
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Working paper
In: IMF Working Papers v.Working Paper No. 15/136
Countries with evolving monetary regimes that decide to embark on "the Journey to inflation targeting" may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent cen
In: IMF Working Paper No. 15/136
SSRN