Monetary Policy Frameworks for Emerging Markets

Edited by Gill Hammond, Ravi Kanbur and Eswar Prasad

in Books from Edward Elgar Publishing

Abstract: Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries. Featuring papers from the research frontier and front-line policymakers in developing and emerging market economies, the book addresses questions such as ‘What monetary policy framework is most suitable for these countries to confront the new challenges while they continue to open up to trade and financial flows?’, ‘What are the linkages between monetary stability and financial stability?’ and ‘Is inflation targeting or a fixed exchange rate regime preferable for developing and emerging markets?’

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Date: 2009
ISBN: 9781848444423
References: Add references at CitEc
Citations: View citations in EconPapers (35)

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Chapters in this book:

Ch 1 Monetary Policy Challenges for Emerging Market Economies

Gill Hammond, Ravi Kanbur and Eswar Prasad

Ch 2 The Pursuit of Monetary and Financial Stability in Emerging Market Economies

Bandid Nijathaworn and Piti Disyatat

Ch 3 Implementation of Inflation Targets in Emerging Markets

Jose De Gregorio

Ch 4 Whatever Became of the Monetary Aggregates?

Charles Goodhart

Ch 5 Fear of Appreciation: Exchange Rate Policy as a Development Strategy

Eduardo Levy-Yeyati and Federico Sturzenegger

Ch 6 Aid Reversals, Credibility and Macroeconomic Policy

Edward Buffie, Christopher Adam, Stephen O’Connell and Catherine Pattillo

Ch 7 The Nexus between Monetary and Financial Stability: The Experience of Selected Asian Economies

Sukudhew Singh

Ch 8 A Framework for Independent Monetary Policy in China

Marvin Goodfriend and Eswar Prasad

Ch 9 Monetary Policy Transmission in India

Rakesh Mohan and Michael Patra

Ch 10 Inflation Targeting and Exchange Rate: Notes on Brazil’s Experience

Paulo Vieira da Cunha, Daniela Silva Pires and Wenersamy de Alcantara

Ch 11 Czech Experience with Inflation Targeting

Ludek Niedermayer

Ch 12 Monetary and Fiscal Policy Mix in Serbia: 2002–07

Diana Dragutinovic

Ch 13 Aid Volatility, Monetary Policy Rules and the Capital Account in African Economies

Christopher Adam, Stephen O’Connell and Edward Buffie

Ch 14 Regional Asymmetries in the Impact of Monetary Policy on Prices: Evidence from Africa

David Fielding

Ch 15 Monetary Policy and Inflation Modeling in a More Open Economy in South Africa

Janine Aron and John Muellbauer

Ch 16 Inflation Management and Monetary Policy Formulation in Ghana

Nii Sowa and Philip Abradu-Otoo

Ch 17 Monetary Policy in Zambia: Experience and Challenges

Denny H. Kalyalya

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Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:13504

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