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

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:
BANCO CENTRAL
POLITICA MONETARIA
ANALISIS HISTORICO
ECONOMIAS EN DESARROLLO
PAISES SUBDESARROLLADOS
TERCER MUNDO

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245 1 0 |a Credibility without rules? :  |b monetary frameworks in the post-Bretton Woods era /  |c Carlo Cottarelli and Curzio Giannini. 
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520 3 |a 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. 
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