Credibility Without Rules /

During the last 25 years, monetary practice in most countries has increasingly been characterized by the attempt to achieve credibility of purpose while expanding the freedom of monetary authorities in controlling policy instruments. Thus, the world has moved toward monetary frameworks in which, thr...

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Bibliographic Details
Main Author: Cottarelli, Carlo
Other Authors: Giannini, Curzio
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:Occasional Papers; Occasional Paper ; No. 1997/007
Online Access:Full text available on IMF