Conditionality in Evolving Monetary Policy Regimes

March 5, 2014

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Conditionality in Evolving Monetary Policy Regimes, (USA: International Monetary Fund, 0) accessed September 26, 2024

Summary

With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.

Subject: Conditionality, Cross country analysis, Developing countries, Exchange rate regimes, Inflation targeting, Monetary aggregates, Monetary policy

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