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Political System Transparency and Monetary Commitment Regimes

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Author Info
Broz, J. Lawrence
Abstract

Central bank independence and xed exchange rates are commitmentmechanisms that can assist governments in maintaining credibility forlow-in ation monetary policy objectives. In this article, I explore thepolitical factors that shape the choice and effectiveness (incontrolling in ation) of these alternatives.

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File URL: http://journals.cambridge.org/abstract_S0020818302441902
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Publisher Info
Article provided by Cambridge University Press in its journal International Organization.

Volume (Year): 56 (2002)
Issue (Month): 04 (November)
Pages: 861-887
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:cup:intorg:v:56:y:2002:i:04:p:861-887_44

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  1. Ashoka Mody, 2004. "What is an Emerging Market?," IMF Working Papers 04/177, International Monetary Fund. [Downloadable!]
  2. Ralph Setzer, 2005. "The Political Economy of Fixed Exchange Rates: A Survival Analysis," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 265/2005, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
  3. Ilker Domaç & Eray M. Yücel, 2005. "What Triggers Inflation in Emerging Market Economies?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 141(1), pages 141-164, April. [Downloadable!] (restricted)
    Other versions:
  4. Thomas Plümper and Eric Neumayer, 2008. "Exchange Rate Regime Choice with Multiple Key Currencies," The Institute for International Integration Studies Discussion Paper Series iiisdp264, IIIS. [Downloadable!]
  5. Beth Simmons & Jens Hainmueller, 2005. "Can Domestic Institutions Explain Exchange Rate Regime Choice? The Political Economy of Monetary Institutions Reconsidered," International Finance 0505011, EconWPA. [Downloadable!]
  6. S. Brock Blomberg & Jeffry Frieden & Ernesto Stein, 2005. "Sustaining fixed rates: The political economy of currency pegs in Latin America," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 203-225, November. [Downloadable!]
  7. Wray, Christopher R., 2004. "Fear Factor: How Political Insecurity Shapes the Diffusion of Financial Market Deregulation," Centre on Regulation and Competition (CRC) Working papers 30607, University of Manchester, Institute for Development Policy and Management (IDPM). [Downloadable!]
  8. Fabrizio Carmignani & Emilio Colombo & Patrizio Tirelli, 2004. "Consistency versus credibility: how do countries choose their exchange rate regime?," Working Papers 85, University of Milano-Bicocca, Department of Economics, revised Feb 2005. [Downloadable!]
    Other versions:
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