Challenges to Central Banking from Globalized Financial Systems

By Andrea Schaechter, Piero Ugolini, Mark R. Stone

March 2, 2004

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Andrea Schaechter, Piero Ugolini, and Mark R. Stone Challenges to Central Banking from Globalized Financial Systems, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Summary

Increasing global financial market integration is presenting new challenges to central banks as they seek to attain low inflation and financial stability. This volume is based on a conference hosted by the IMF in September 2002. It examines key issues such as the choice of nominal anchor for countries susceptible to shifts in capital flows, what can be done to prevent and deal decisively with financial crises, and how central bankers should think about the difficult choices when monetary objectives and financial stability objectives come into conflict.

Subject: Banking, Currencies, Dollarization, Financial sector policy and analysis, Financial sector stability, Inflation, Inflation targeting, Monetary policy, Money, Prices

Keywords: Africa, Caribbean, Central America, Central bank, Central bank financing, Currencies, Dollarization, Emerging market country, Europe, Financial sector stability, Foreign currency, Global, Inflation, Inflation targeting, ITL country, Market, Monetary policy, Monetary policy approach, Monetary policy strategy, Price stability goal, SEM, South America

Publication Details

Pages:

307
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Seminar Volumes
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CCBGEA
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