Central Banking in Transition Countries

Helmut Wagner

No 1998/126, IMF Working Papers from International Monetary Fund

Abstract: In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.

Keywords: WP; transition country; fiscal policy; price level; money supply; incomes policy; inflation rate; Central Banking; Transition Economies; nominal exchange rate; transmission mechanism; full employment; government budget constraint; Inflation; Inflation targeting; Exchange rates; Nominal anchors; Personal income; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 49
Date: 1998-08-01
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Citations: View citations in EconPapers (14)

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