CHAPTER 4: Establishing Effective Monetary Policy and a Vibrant Financial Sector
- Roger Nord, Yuri Sobolev, David G. Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, and Stéphane Roudet
- Published Date:
- February 2009
This chapter reviews reforms in the financial sector that were essential to creating an environment for effective monetary policy and economic stability and examines the challenges for monetary policy stemming from high inflows of aid and private foreign capital.