Hidden Bibliographic Details
| Varying Form of Title: | Is there a preferred option for the European Central Bank?
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| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 1455265853
9781455265855
9781455217502
1455217506
9781451972030
1451972032
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| Notes: | "June 1997."
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2014.
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
digitized 2014 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. the main conjecture is that the European Central Bank ought to target inflation if monetary union is confined to a core group of countries. However, the decision on whether to target inflation or monetary aggregates is not an unambiguous one if monetary union is EU-wide; the choice of the framework will depend on the type of shocks that are likely to prevail. the arguments motivating these conjectures essentially concern the trade-offs between the viability and credibility of different monetary frameworks.
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| Other form: | Print version: Ramaswamy, Ramana. Monetary frameworks. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997
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| Publisher's no.: | MWT11390760
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