Can a Rule-Based Monetary Policy Framework Work in a Developing Country? the Case of Yemen
| Author/creator | Elekdag, Selim Author |
| Other author | Ltaifa, Nabil Ben Author |
| Other author | Schneider, Todd Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 340 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation Monetary policy in Yemen is largely rudimentary and ad hoc in nature. the Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper argues in favor of a new formal monetary policy framework for Yemen emphasizing a proactive and rule-based approach with a greater direct focus on price stability in the context of a flexible management of the exchange rate. Although, as in many developing countries, institutional capacity is a concern, adopting a more formal framework could impel the kind of changes that are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781451910230 |
| ISBN | 1451910231 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |