[E-BOOK] The Role of the Exchange Rate in Inflation-Targeting Emerging Economies (Occasional Papers)






 | #3181126 in eBooks |  2009-11-24 |  2009-11-24 | File Name: B00CRE1XXA

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This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little agreement about the appropriate role of the exchange rate.The exchange rate is a more important monetary policy t...


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