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Whatever Became of the Monetary Aggregates?

In: Monetary Policy Frameworks for Emerging Markets

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  • Charles Goodhart

Abstract

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?’

Suggested Citation

  • Charles Goodhart, 2009. "Whatever Became of the Monetary Aggregates?," Chapters, in: Gill Hammond & Ravi Kanbur & Eswar Prasad (ed.), Monetary Policy Frameworks for Emerging Markets, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13504_4
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    Keywords

    Development Studies; Economics and Finance;

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