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Can A Rulebased Monetary Policy Framework Work In A Developing Country The Case Of Yemen 1st Edition Selim Elekdag Nabil Ben Ltaifa Todd Schneider

SKU: BELL-51286582

Can A Rulebased Monetary Policy Framework Work In A Developing Country The Case Of Yemen 1st Edition Selim Elekdag Nabil Ben Ltaifa Todd Schneider

$ 31.00 ~~$ 45.00~~ (-31%)

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Can A Rulebased Monetary Policy Framework Work In A Developing Country The Case Of Yemen 1st Edition Selim Elekdag Nabil Ben Ltaifa Todd Schneider instant download after payment.

Publisher: International Monetary Fund

File Extension: EPUB

File size: 1.08 MB

Pages: 30

Author: Selim Elekdag; Nabil Ben Ltaifa; Todd Schneider

ISBN: 9781452755175, 1452755175

Language: English

Year: 2007

Edition: 1

Product desciption

Can A Rulebased Monetary Policy Framework Work In A Developing Country The Case Of Yemen 1st Edition Selim Elekdag Nabil Ben Ltaifa Todd Schneider by Selim Elekdag; Nabil Ben Ltaifa; Todd Schneider 9781452755175, 1452755175 instant download after payment.

Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper argues in favor of a new formal monetary policy framework for Yemen emphasizing a proactive and rule-based approach with a greater direct focus on price stability in the context of a flexible management of the exchange rate. Although, as in many developing countries, institutional capacity is a concern, adopting a more formal framework could impel the kind of changes that are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term.