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Appendix Country Data

Appendix Country Data »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

Information from Tables Information was collected for 100 countries (of which 22 were industrial countries according to the classification published in the IMF’s International Financ...

Credibility Without Rules

Credibility Without Rules »

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

DOI: http://dx.doi.org/10.5089/9781557756442.084

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

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...

Front Matter

Front Matter »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

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...

Fiscal Deficits and Inflation

Fiscal Deficits and Inflation »

Source: Fiscal Deficits and Inflation

Volume/Issue: 2003/65

Series: IMF Working Papers

Author(s): Luis Catão , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451848700

Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...

I. Introduction

I. Introduction »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

Grau, teurer Freund, ist alle Theorie, Und grun des Lebens goldner Baum. (Grey, dear Friend, is all theory, and green is life’s golden tree.)...

II. Degenerating Fiat Standard and Credibility

II. Degenerating Fiat Standard and Credibility »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

Institutions do not evolve in a piecemeal fashion for a number of reasons. First of all, adapting an institutional framework involves collective action at several levels (North (1990)). Second, and perhaps m...

III. The Post-Bretton Woods Era

III. The Post-Bretton Woods Era »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

Against the background of the preceding discussion, we now move to reviewing the actual evolution of monetary frameworks during 1970–94. Country Sample Information was gathe...

Fiscal Deficits and Inflation

Fiscal Deficits and Inflation »

Volume/Issue: 2003/65

Series: IMF Working Papers

Author(s): Luis Catão , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

DOI: http://dx.doi.org/10.5089/9781451848700.001

ISBN: 9781451848700

Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...

¿En qué se diferencia la transmisión de la política monetaria en los países que dependen de las remesas?

¿En qué se diferencia la transmisión de la política monetaria en los países que dependen de las remesas? »

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: CEMLA/Centro de Estudios Monetarios Latinamericano

Publication Date: 02 February 2017

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781475574487.001

ISBN: 9781475574487

Keywords: Europe, Guinea, Asia and Pacific, Antigua and Barbuda, Bhutan, Bulgaria, Banking sector, Western Hemisphere, Balance sheets, Congo, Democratic Republic of the

Pese a que las remesas aportan ventajas en materia de bienestar y reducción de la pobreza para los hogares receptores, se ha observado que también traen consigo problemas macroeconómicos: producen efecto de tipo ma...

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2016

DOI: http://dx.doi.org/10.5089/9781513531236.001

ISBN: 9781513531236

Keywords: Worker’s Remittances, lending channel, banking sector, bank balance sheets, balance sheets, exchange, General, Fiscal and Monetary Policy in Development, All Countries, banking sector.,

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation...