Download or read book Why Inflation Targeting written by Charles Freedman and published by International Monetary Fund. This book was released on 2009-04-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.

Download or read book Ruling Ideas written by Cornel Ban and published by Oxford University Press. This book was released on 2016-06-16 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoliberal economic theories are powerful because their domestic translators make them go local, hybridizing global scripts with local ideas. This does not mean that all local translations shape policy, however. External constraints and translators' access to cohesive policy institutions filter what kind of neoliberal hybrids become policy reality. By comparing the moderate neoliberalism that prevails in Spain with the more radical one that shapes policy thinking in Romania, Ruling Ideas explains why neoliberal hybrids take the forms that they do and how they survive crises. Cornel Ban contributes to the literature by showing that these different varieties of neoliberalism depend on what competing ideas are available locally, on the networks of actors who serve as the local advocates of neoliberalism, and on their vulnerability to external coercion. Ruling Ideas covers an extended historical period, starting with the Franco period in Spain and the Ceausescu period in Romania, discusses the economic integration of these countries into the EU, and continues through Europe's Great Recession and the European debt crisis. The broad historical coverage enables a careful analysis of how neoliberalism rules in times of stability and crisis and under different political systems.

Download or read book Rapid Credit Growth in Central and Eastern Europe written by Charles Enoch and published by Springer. This book was released on 2007-02-14 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents the latest developments and policy debate on the rapid growth of banking sector credit to the private sector, which continues to occupy the minds of academics and policymakers alike in many Central and Eastern European countries. The contributions discuss ways to assess and respond to excessive credit growth.

Download or read book Evolving Monetary Policy Frameworks in Low Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

Download or read book Financial Development Integration and Stability written by Klaus Liebscher and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Download or read book Focus on Transition written by and published by . This book was released on 2000 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Disintergration and Trade written by Jarko Fidrmuc and Jan Fidrmuc and published by . This book was released on 2000 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Restructing with What Success A Case Study of Russian Firms written by Susan J. Linz and published by . This book was released on 2000 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Soft budget constraints pecuniary externality and the dual track system Working paper Number 261 June 2000 written by Jiahua Che and published by . This book was released on 2000 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Finance and Low equilibria in transition economies the role of institutions written by Daniel Daiana and Radu Vrunceanu and published by . This book was released on 2000 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book EQUILIBRIUM WAGE ARREARS A THEORETICAL AND EMPIRICAL ANALYSIS OF INSTITUTIONAL LOCK IN written by JOHN S. EARLE AND KLARA Z. SABRIANOVA and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book MICROECONOMICS ASPECTS OF ECONOMIC GROWTH IN EASTEERN EUROPE AND THE FORMER SOVIET UNION 1950 2000 written by SERGI GURIEV and published by . This book was released on 2000 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Evolution of the Insurance Sector in Central and Eastern Europe and the former Solviet Union written by Robert B.K. Pye and published by . This book was released on 2000 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On the Identification of Relative Wage Rigidity Dynamics written by Patrick A. Puhani and published by . This book was released on 2000 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rethinking Marketing Programs for Emering Markets written by Niraj Dawar and Amitava Chattopadhyay and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book WORKER TRAINING IN A RESTRUCTURING ECONOMY EVIDENCE FROM THE RUSSIAN TRANSITION written by MARK C. BERGER, JOHN S. EARLE AND KLARA Z. SABRIANOVA and published by . This book was released on 2000 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book TRUST ORGANIZATIONAL CONTROLS KNOWLEDGE ACQUISITION FROM THE FOREIGN PARENTS AND PERFORMANCE IN VIETNAMESE INTERNATIONAL JOINT VENTURE written by MARJORIE A. LYLES, LE DANG DOANH, AND JEFFREY Q. BARDEN and published by . This book was released on 2000 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: