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You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Price Level; Inflation; Deflation x
  • Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems x
  • Macroeconomics x
  • Finance and accounting x
  • Money and Monetary Policy x
  • Cross-cutting issues x
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Cover IMF Working Papers
Governance Structures and Decision-Making Roles in Inflation-Targeting Central Banks
Ms. Anita Tuladhar
This paper surveys decision-making roles of governing bodies of central banks that have formally adopted inflation targeting as a monetary framework. Governance practices seek to balance institutional independence needed for monetary policy credibility with accountability required to protect democratic values. Central bank laws usually have price stability as the primary monetary policy objective but seldom require an explicit numerical inflation target. Governments are frequently involved in setting targets, but to ensure operational autonomy, legal provisions explicitly limit government influence in internal policy decision-making processes. Internal governance practices differ considerably with regard to the roles and inter-relationships between the policy, supervisory, and management boards of a central bank.
Keywords:
WP; government; country; central bank; committee; government index; monetary policy; Inflation targeting; governance; central bank independence; price stability; government override; board of governors; member state; government involvement; decision-making authority; state secretary; government representation; override authority; government directive; emerging market country; government staff; Price stabilization; Inflation; Consumer price indexes; Renewable resources; Africa
Cover Finance & Development
Finance & Development, June 1979
International Monetary Fund. External Relations Dept.
This paper highlights that in the first quarter of 1979, the IMF took further steps to enhance its ability to promote orderly world economic growth with reasonable price stability as a means of achieving a stable system of exchange rates. It adopted several measures designed to make the special drawing right the principal reserve asset in the world monetary system. The Interim Committee reaffirmed these aims, expressing broad support for measures that the IMF’s Executive Board has adopted, or is actively considering, in furthering these goals.
Keywords:
FD; F&D; Annual Meetings of the bank; series of article; country; Robert S. McNamara; challenge of poverty; peoples of the developing countries; IDA credit; money creation-inflation spiral process; full-employment labor force; Potential output; Inflation; Income; Oil; Africa; Asia and Pacific; South America; Global; South Asia
Cover Finance & Development
Finance & Development, June 1964
International Monetary Fund. External Relations Dept.
This paper describes the origin of the IMF, its organization, and its method of working. The IMF has as its aim the economic prosperity of the whole world. The IMF pursues an active program of economic research. For this purpose, it systematically collects and publishes data on international trade, holdings of gold and foreign currencies, national income, price indices, restrictions on international payments, international movements of capital, and so on. All this is part of the background against which discussions of problems of individual members are carried out by the Executive Board.
Keywords:
FD; F&D; fund; Fund's holding; bank; International Monetary Fund stand-by arrangement; bank staff member; bank mission; members of the fund; Currencies; Inflation; National income; Loans; Western Europe; Africa; Western Hemisphere; Europe; Middle East; Central America; Asia and Pacific