Can Inflation Targeting Work in Emerging Market Countries?
- Topics:
- Inflation
- Tags:
- Currency & Foreign Exchange,
- Emerging Market,
- Emerging Market Country,
- Finance,
- Financial Services,
- Inflation,
- Marketing,
- Marketing Research
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Overview: This paper explores issues in emerging market countries to make inflation targeting work for them. It starts by outlining why emerging market economies are so different from advanced economies and then discuss why developing strong fiscal, financial and monetary institutions is so critical to the success of inflation targeting in emerging market countries. Then it discusses two emerging market countries which illustrate what it takes to make inflation targeting work well, Chile and Brazil. It then addresses a particularly complicated issue for central banks in emerging market countries who engage in inflation targeting: how they deal with exchange rate fluctuations.
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Format: PDF | Size: 132KB | Date: Jul 2004 | Pages: 36
