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新兴市场的货币政策框架
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries. Featuring papers from the research frontier and front-line policymakers in developing and emerging market economies, the book addresses questions such as ‘What monetary policy framework is most suitable for these countries to confront the new challenges while they continue to open up to trade and financial flows?’, ‘What are the linkages between monetary stability and financial stability?’ and ‘Is inflation targeting or a fixed exchange rate regime preferable for developing and emerging markets?’
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Contributors
Contents
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Financial globalisation has made the formulation of monetary policy in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which, coupled with volatile inflation, poses serious challenges for central banks in these countries.
这本书的特色是来自一线决策者和开发和新兴市场经济体的一系列特别委托的新论文，这些论文解决了目前正在辩论的困难问题，而货币政策理论家和世界各地的决策者的紧迫性都提高了。They address questions such as: ‘What monetary policy framework is most suitable for emerging market countries to confront the new challenges while they continue to open up to trade and financial flows?’, ‘What are the linkages between monetary stability and financial stability?’ and ‘Is inflation targeting or a fixed exchange rate regime preferable for developing and emerging markets?’
Providing unique insights on the interaction between the theory and practice of monetary policy in emerging markets, this book will be of great interest to academics and students of economics, economic policy and development economics. Policymakers will also find this to be a useful and thought-provoking read.
这本书的特色是来自一线决策者和开发和新兴市场经济体的一系列特别委托的新论文，这些论文解决了目前正在辩论的困难问题，而货币政策理论家和世界各地的决策者的紧迫性都提高了。They address questions such as: ‘What monetary policy framework is most suitable for emerging market countries to confront the new challenges while they continue to open up to trade and financial flows?’, ‘What are the linkages between monetary stability and financial stability?’ and ‘Is inflation targeting or a fixed exchange rate regime preferable for developing and emerging markets?’
Providing unique insights on the interaction between the theory and practice of monetary policy in emerging markets, this book will be of great interest to academics and students of economics, economic policy and development economics. Policymakers will also find this to be a useful and thought-provoking read.
Contributors
贡献者：P。Abradu-Otoo，C。Adam，W。RamosdeAlcântara，J。Aron，E。Buffie，P。Vieirada Cunha，J。DeGregorio，P。Disyatat，D.Dragutinovic，D.Fielding，D.Fielding，M. Goodfriend, C. Goodhart, G. Hammond, D.H. Kalyalya, R. Kanbur, E. Levy-Yeyati, R. Mohan, J. Muellbauer, L. Niedermayer, B. Nijathaworn, S. O’Connell, M. Patra, C. Pattillo, D.S. Pires, E. Prasad, S. Singh, N.K. Sowa, F. Sturzenegger
Contents
内容：
PART I: FRAMEWORKS FOR MONETARY POLICY
1.新兴市场经济的货币政策挑战
Gill Hammond, Ravi Kanbur and Eswar Prasad
2.在新兴市场经济体中追求货币和财务稳定性
Bandid Nijathaworn and Piti Disyatat
3. Implementation of Inflation Targets in Emerging Markets
何塞·德·格雷戈里奥（JosédeGregorio）
4.货币骨料的变化是什么？
查尔斯·古德哈特（Charles Goodhart）
5.害怕赞赏：汇率政策作为发展策略
Eduardo Levy-Yeyati和Federico Sturzenegger
6. Aid Reversals, Credibility and Macroeconomic Policy
爱德华·巴菲（Edward Buffie），克里斯托弗·亚当（Christopher Adam），斯蒂芬·奥康奈尔（Stephen O’Connell）和凯瑟琳·帕蒂洛（Catherine Pattillo）
第二部分：国家经验
7. The Nexus between Monetary and Financial Stability: The Experience of Selected Asian Economies
Sukudhew Singh
8.中国独立货币政策的框架
Marvin Goodfriend和Eswar Prasad
9. Monetary Policy Transmission in India
Rakesh Mohan and Michael Patra
10. Inflation Targeting and Exchange Rate: Notes on Brazil’s Experience
Paulo Vieira da Cunha，Daniela Silva Pires和Wenersamy Ramos deAlcântara
11. Czech Experience with Inflation Targeting
Ludek Niedermayer
12. Monetary and Fiscal Policy Mix in Serbia: 2002–07
Diana Dragutinovic
13.非洲经济体中的援助波动，货币政策规则和资本账户
Christopher Adam, Stephen O’Connell and Edward Buffie
14.货币政策对价格的影响的区域不对称：非洲的证据
David Fielding
15. Monetary Policy and Inflation Modeling in a More Open Economy in South Africa
Janine Aron and John Muellbauer
16.加纳的通货膨胀管理和货币政策制定
Nii Kwaku Sowa and Philip Abradu-Otoo
17.赞比亚的货币政策：经验和挑战
丹尼·h·Kalyalya
Index
PART I: FRAMEWORKS FOR MONETARY POLICY
1.新兴市场经济的货币政策挑战
Gill Hammond, Ravi Kanbur and Eswar Prasad
2.在新兴市场经济体中追求货币和财务稳定性
Bandid Nijathaworn and Piti Disyatat
3. Implementation of Inflation Targets in Emerging Markets
何塞·德·格雷戈里奥（JosédeGregorio）
4.货币骨料的变化是什么？
查尔斯·古德哈特（Charles Goodhart）
5.害怕赞赏：汇率政策作为发展策略
Eduardo Levy-Yeyati和Federico Sturzenegger
6. Aid Reversals, Credibility and Macroeconomic Policy
爱德华·巴菲（Edward Buffie），克里斯托弗·亚当（Christopher Adam），斯蒂芬·奥康奈尔（Stephen O’Connell）和凯瑟琳·帕蒂洛（Catherine Pattillo）
第二部分：国家经验
7. The Nexus between Monetary and Financial Stability: The Experience of Selected Asian Economies
Sukudhew Singh
8.中国独立货币政策的框架
Marvin Goodfriend和Eswar Prasad
9. Monetary Policy Transmission in India
Rakesh Mohan and Michael Patra
10. Inflation Targeting and Exchange Rate: Notes on Brazil’s Experience
Paulo Vieira da Cunha，Daniela Silva Pires和Wenersamy Ramos deAlcântara
11. Czech Experience with Inflation Targeting
Ludek Niedermayer
12. Monetary and Fiscal Policy Mix in Serbia: 2002–07
Diana Dragutinovic
13.非洲经济体中的援助波动，货币政策规则和资本账户
Christopher Adam, Stephen O’Connell and Edward Buffie
14.货币政策对价格的影响的区域不对称：非洲的证据
David Fielding
15. Monetary Policy and Inflation Modeling in a More Open Economy in South Africa
Janine Aron and John Muellbauer
16.加纳的通货膨胀管理和货币政策制定
Nii Kwaku Sowa and Philip Abradu-Otoo
17.赞比亚的货币政策：经验和挑战
丹尼·h·Kalyalya
Index
