Central Bank Financial Strength, Policy Constraints and Inflation /

Central bank financial strength is positively associated with good policy performance. Financially weak central banks generate losses which undermine macroeconomic stability and call into question the credibility of their policies. In assessing central bank financial strength a careful examination o...

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Bibliographic Details
Main Author: Stella, Peter
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/049
Online Access:Full text available on IMF