Exchange Rate Policy And Monetary Strategy Options In The Philippines - The Search For Stability And Sustainability (ebook)

Exchange Rate Policy And Monetary Strategy Options In The Philippines - The Search For Stability And Sustainability (ebook)

Autor:
Aerdt Houben
3,75
No disponible+ info

Información

Envío y devoluciones

This paper evaluates the Philippines' experience with different exchange regimes since 1970. It argues that the shift to a flexible regime was crucial to restoring external viability and generating an export-led economic take-off, but that mixed performance in meeting money targets and asymmetric policy reactions to exchange rate pressures have resulted in an uneven inflation performance. Since adoption of a firm nominal anchor for monetary policy would contribute to a more effective control of inflation and thereby to better prospects for sustained growth, the merits of three monetary strategy options are reviewed: stricter adherence to a money supply rule, adoption of an exchange rate peg, and a switch to direct inflation targeting.


Detalles del ebook
ISBN:
9781455268962
Editorial:
International Monetary Fund
Formato:
EPub con DRM
Idioma:
Inglés
Género:
Historia
Subgénero:
Historia Universal
Prelectura del libro:
Exchange Rate Policy And Monetary Strategy Options In The Philippines - The Search For Stability And Sustainability (ebook)

Referencia:

1455268962 |

EAN:

9781455268962