Central Banking in Transition Countries

Author/Editor:

Helmut Wagner

Publication Date:

August 1, 1998

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.

Series:

Working Paper No. 1998/126

Subject:

Banking Exchange rates Foreign exchange Inflation Inflation targeting Monetary policy National accounts Nominal anchors Personal income Prices

English

Publication Date:

August 1, 1998

ISBN/ISSN:

9781451936681/1018-5941

Stock No:

WPIEA1261998

Pages:

49

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