Varieties of Monetary Reforms /

This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic terms...

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Dettagli Bibliografici
Autore principale: Siklos, Pierre
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1994.
Serie:IMF Working Papers; Working Paper ; No. 1994/057
Accesso online:Full text available on IMF
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245 1 0 |a Varieties of Monetary Reforms /  |c Pierre Siklos. 
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490 1 |a IMF Working Papers 
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520 3 |a This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic terms, the choice of monetary regime will depend on the policy that is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will ultimately depend on how independent a country wishes to be from shocks emanating from the rest of the world and the weight politicians attach to influencing economic conditions in their own country. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/057 
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