Banco Central de Reserva del Perú Banco Central de Reserva del Perú Investigación Económica y Financiera
ES

Monetary policy rules for financially vulnerable economies

By ;

December 2002

Language: Spanish

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Monetary policy rules for financially vulnerable economies

Abstract

Analysis of the consequences of adopting an inflation targeting framework (ITF) in economies with liability dollarization and which, therefore, have a fully flexible exchange rate regime that may impose severe constraints on the monetary authority.