Series: IMF Policy Discussion Papers
Author(s): Curzio Giannini , and Carlo Cottarelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1998
Keywords: Inflation, Fund-supported adjustment programs, Fund role, International Monetary Fund, credibility, price stability, central bank, exchange rate, current account
This paper argues that many developing countries may find it difficult to buttress disinflation programs purely through the adoption of traditional credibility-enhancing devices (such as monetary anchors and centra...