Frameworks for Monetary Stability
- Part I The Choice of Monetary Regime
- 1 Rules or Discretion in Monetary Policy: National and International Perspectives
- 2 Issues Concerning Nominal Anchors for Monetary Policy
- Part II Flexible Exchange Rates, Domestic Anchors, and Discretion
- 3 Implementation of Monetary Policy in Japan
- 4 The Design of U.S. Monetary Policy: Targets, Indicators, and Information Variables
- Part III The Exchange Rate as Nominal Anchor
- 5 The ERM Experience
- 6 Exchange-Rate-Based Stabilizations in Argentina and Chile: A Fresh Look
- 7 Currency Boards: Issues and Experiences
- 8 Building a Monetary Union in Europe
- Part IV Commodity Standards
- 9 In Search of a Monetary Anchor: Commodity Standards Re-examined
- Part V Central Bank Independence
- 10 The Maastricht Treaty, Independence of the Central Bank, and Implementing Legislation
- 11 Strengthening Central Bank Independence in Latin America
- 12 Should an “Independent” Central Bank Control Foreign Exchange Policy?
- Part VI Capital Movements
- 13 Capital Movements and Surveillance
- 14 Capital Account Convertibility: A New Model for Developing Countries
- Part VII Techniques of Monetary Control: Intermediate Targets, Instruments, and Indicators
- 15 Money Versus Credit: The Role of Banks in the Monetary Transmission Process
- 16 Targets and Instruments of Monetary Policy in Hungary
- 17 Reform of Monetary Instruments in Southeast Asia
- 18 The Use of Indicators and of the Monetary Conditions Index in Canada
- Part VIII Public Debt Management and Monetary Policy
- 19 Debt Management Techniques Under High Inflation: The Brazilian Experience
- 20 Developing the Money and Securities Markets in India
- Part IX Monetary Policy and Financial Structure
- 21 Adapting Central Banking to a Changing Environment
- 22 Financial Deregulation in Israel: Policy and Results
- 23 Derivatives: The New Frontier in Finance
- 24 Linkages Between Payments System Reforms and Monetary Policy: The Recent Experience in Russia and Other Former Soviet Union Countries
- 25 Remarks
- Background Papers
- 26 Issues on Placing Banking Supervision in the Central Bank
- 27 Government Versus Central Bank Securities in Developing Open Market Operations
- 28 Institutional and Operational Aspects of Central Bank Losses
Chapter
Part I The Choice of Monetary Regime
- Editor(s):
- Carlo Cottarelli, and Tomás Baliño
- Published Date:
- December 1994

Show Summary Details
You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here