Credibility without rules? : monetary frameworks in the post-Bretton Woods era /

This paper is the story of the search for a better trade-off between flexibility and credibility undertaken by authorities around the world in the last 25 years. It provides detailed information on how monetary frameworks - that is the set of announced rules and institutions affecting monetary polic...

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Bibliographic Details
Main Author: Cottarelli, Carlo, 1954-
Other Authors: Giannini, Curzio
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997
Series:Occasional paper (Fondo Monetario Internacional) 154
Subjects:
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Summary:This paper is the story of the search for a better trade-off between flexibility and credibility undertaken by authorities around the world in the last 25 years. It provides detailed information on how monetary frameworks - that is the set of announced rules and institutions affecting monetary policy - evolved in 100 countries, examining the forces that molded such evolution and focusing on how developments in economic theory affected the choices of policy-makers.
Physical Description:vii, 94 p.
Bibliography:Incluye referencias bibliográficas.
ISBN:1557756449
ISSN:0251-6365