Matches in Library of Congress for { <http://lccn.loc.gov/2009512873> ?p ?o. }
Showing items 1 to 26 of
26
with 100 items per page.
- 2009512873 abstract "This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little agreement about the appropriate role of the exchange rate.The exchange rate is a more important monetary policy tool for emerging economies that have adopted inflation targeting than it is for inflation-targeting advanced economies. Inflation-targeting emerging economies generally have less flexible exchange rate arrangements and intervene more frequently in the foreign exchange market than their advanced economy counterparts. The enhanced role of the exchange rate reflects these economies' greater vulnerability to exchange rate shocks and their less developed financial markets. However, their sharper focus on the exchange rate may cause some confusion about the commitment of their central banks to achieve the inflation target and may also complicate policy implementation. Global inflation pressures, greater exchange rate volatility, and the financial stresses from the global financial turmoil that began in mid-2007 are heightening these tensions.--Publisher's description.".
- 2009512873 contributor B11685984.
- 2009512873 contributor B11685985.
- 2009512873 created "2009.".
- 2009512873 date "2009".
- 2009512873 date "2009.".
- 2009512873 dateCopyrighted "2009.".
- 2009512873 description "Includes bibliographical references (p. 90-94).".
- 2009512873 description "Introduction -- Why the exchange rate plays a large role in emerging economies -- Different roles for the exchange rate and the policy trade-offs -- Foreign exchange market intervention in inflation-targeting policy implementation -- Implications to full-fledged inflation targeting -- Implications of recent global shocks -- Conclusions.".
- 2009512873 description "This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little agreement about the appropriate role of the exchange rate.The exchange rate is a more important monetary policy tool for emerging economies that have adopted inflation targeting than it is for inflation-targeting advanced economies. Inflation-targeting emerging economies generally have less flexible exchange rate arrangements and intervene more frequently in the foreign exchange market than their advanced economy counterparts. The enhanced role of the exchange rate reflects these economies' greater vulnerability to exchange rate shocks and their less developed financial markets. However, their sharper focus on the exchange rate may cause some confusion about the commitment of their central banks to achieve the inflation target and may also complicate policy implementation. Global inflation pressures, greater exchange rate volatility, and the financial stresses from the global financial turmoil that began in mid-2007 are heightening these tensions.--Publisher's description.".
- 2009512873 extent "vii, 96 p. ;".
- 2009512873 identifier "1589067967".
- 2009512873 identifier "9781589067967".
- 2009512873 isPartOf "Occasional paper (International Monetary Fund) ; no. 267.".
- 2009512873 isPartOf "Occasional paper ; 267".
- 2009512873 issued "2009".
- 2009512873 issued "2009.".
- 2009512873 language "eng".
- 2009512873 publisher "Washington, D.C. : International Monetary Fund,".
- 2009512873 spatial "Developing countries.".
- 2009512873 subject "Foreign exchange rates Developing countries.".
- 2009512873 subject "HG3877 .R65 2009".
- 2009512873 subject "Inflation targeting Developing countries.".
- 2009512873 tableOfContents "Introduction -- Why the exchange rate plays a large role in emerging economies -- Different roles for the exchange rate and the policy trade-offs -- Foreign exchange market intervention in inflation-targeting policy implementation -- Implications to full-fledged inflation targeting -- Implications of recent global shocks -- Conclusions.".
- 2009512873 title "The role of the exchange rate in inflation-targeting emerging economies / Mark Stone ... [et al.].".
- 2009512873 type "text".