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Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion as possible long-run strategies for monetary policy in Latin America. A hard exchange-rate peg, monetary targeting, and inflation targeting.
Publish Date
2001
Language
English
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Subjects
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Monetary policy strategies for Latin America
2001, World Bank, Financial Sector Strategy and Policy Department
Electronic resource
in English
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Book Details
Edition Notes
Includes bibliographical references (p. 29-31).
Title from title screen as viewed on Aug. 26, 2002.
"October 2001."
Also available in print.
Mode of access: World Wide Web.