Hidden Bibliographic Details
| Other authors / contributors: | Richardson, Thomas J., 1958-
International Monetary Fund. European II Department.
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| ISBN: | 145190441X
9781451904413
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| Notes: | Includes bibliographical references (pages 40-42).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
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Print version record.
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| Summary: | Monetary policy has become increasingly important in the countries of the Commonwealth of Independent States (CIS) as fiscal adjustment and structural reforms have taken root. Inflation has been brought down to relatively low levels in almost all of these countries, raising the question of what should be the appropriate nominal anchor at this stage. Formally, almost all CIS countries have floating exchange rate regimes, yet in practice they manage their exchange rates very heavily, perhaps because of high levels of dollarization (i.e., they suffer from "fear of floating"). This paper explores the issues underlying the choice of a nominal anchor in CIS countries and seeks to assess whether the present mixed regime will prove durable.
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| Other form: | Print version: Keller, Peter, 1946- Nominal anchors in the CIS. Washington, D.C. : International Monetary Fund, ©2003
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| Standard no.: | 10.5089/9781451904413.001
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