Monetary frameworks : Is there a preferred option for the European Central Bank? /

Monetary frameworks : Is there a preferred option for the European Central Bank? /

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Bibliographic Details
Author / Creator:	Ramaswamy, Ramana, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., ©1997.
Description:	1 online resource (22 pages)
Language:	English
Series:	IMF paper on policy analysis and assessment ; PPAA/97/6 IMF paper on policy analysis and assessment ; PPAA/97/6.
Subject:	European Central Bank. European Central Bank. Monetary unions -- Europe. Monetary policy -- European Union countries. Money -- European Union countries. Inflation (Finance) -- European Union countries. Money -- European Economic Community countries. Inflation (Finance) Monetary policy. Monetary unions. Money. European Economic Community countries. Europe. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503369

Hidden Bibliographic Details
Varying Form of Title:	Is there a preferred option for the European Central Bank?
Other authors / contributors:	International Monetary Fund. Research Department.
ISBN:	1455265853 9781455265855 9781455217502 1455217506 9781451972030 1451972032
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.
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.
Other form:	Print version: Ramaswamy, Ramana. Monetary frameworks. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997
Publisher's no.:	MWT11390760

Description
Summary:	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.
Item Description:	"June 1997."
Physical Description:	1 online resource (22 pages)
Format:	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.
ISBN:	1455265853 9781455265855 9781455217502 1455217506 9781451972030 1451972032