A New Taxonomy of Monetary Regimes /

This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonautonomy, (ii) weak anchor, (iii) money anchor, (iv) exchange rate peg, (v) full-fledged inflation targeting, (vi) implicit price stability anch...

Descripción completa

Detalles Bibliográficos
Autor principal: Bhundia, Ashok
Otros Autores: Stone, Mark
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Colección:IMF Working Papers; Working Paper ; No. 2004/191
Acceso en línea:Full text available on IMF