Author : International Monetary Fund
Release : 2015-10-23
Genre : Business & Economics
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Book Rating : 062/5 ( reviews)

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Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries write by International Monetary Fund. This book was released on 2015-10-23. Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries available in PDF, EPUB and Kindle. Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.