Monetary Policy Frameworks for Emerging Markets

Part I: Frameworks for Monetary Policy
1. Monetary Policy Challenges for Emerging Market Economies / Gill Hammond, Ravi Kanbur and Eswar Prasad
2. The Pursuit of Monetary and Financial Stability in Emerging Market Economies / Bandid Nijathaworn and Piti Disyatat
3. Implementation of Inflation Targets in Emerging Markets / Jose De Gregorio
4. Whatever Became of the Monetary Aggregates? / Charles Goodhart
5. Fear of Appreciation: Exchange Rate Policy as a Development Strategy / Eduardo Levy-Yeyati and Federico Sturzenegger
6. Aid Reversals, Credibility and Macroeconomic Policy / Edward Buffie, Christopher Adam, Stephen O’Connell and Catherine Pattillo

Part II: Country Experiences
7. The Nexus between Monetary and Financial Stability: The Experience of Selected Asian Economies / Sukudhew Singh
8. A Framework for Independent Monetary Policy in China / Marvin Goodfriend and 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 and Wenersamy Ramos de Alcântara
11. Czech Experience with Inflation Targeting / Ludek Niedermayer
12. Monetary and Fiscal Policy Mix in Serbia: 2002–07 / Diana Dragutinovic
13. Aid Volatility, Monetary Policy Rules and the Capital Account in African Economies / Christopher Adam, Stephen O’Connell and Edward Buffie
14. Regional Asymmetries in the Impact of Monetary Policy on Prices: Evidence from Africa / David Fielding
15. Monetary Policy and Inflation Modeling in a More Open Economy in South Africa / Janine Aron and John Muellbauer
16. Inflation Management and Monetary Policy Formulation in Ghana / Nii Kwaku Sowa and Philip Abradu-Otoo
17. Monetary Policy in Zambia: Experience and Challenges / Denny H. Kalyalya