TY - BOOK ID - 84538617 TI - Current Issues in the Design and Conduct of Monetary Policy PY - 2003 SN - 1462319742 1452763399 1281601888 1451894562 9786613782571 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Foreign Exchange KW - Inflation KW - Money and Monetary Policy KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Monetary Policy KW - Price Level KW - Deflation KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary economics KW - Macroeconomics KW - Currency KW - Foreign exchange KW - Banking KW - Inflation targeting KW - Exchange rates KW - Monetary aggregates KW - Monetary policy KW - Prices KW - Money KW - Exchange rate arrangements KW - Banks and banking KW - Money supply KW - Chile UR - https://www.unicat.be/uniCat?func=search&query=sysid:84538617 AB - Movements in global capital during the late 1990s and the greater emphasis on price stability led many countries to abandon fixed exchange rate regimes and to design institutions and monetary policies to achieve credibility in the goal of lowering inflation. Such recent developments have brought to the forefront the idea that freely mobile capital, independent monetary policy, and fixed exchange rates form an "impossible trinity." It is possible to have two of these policies, but not all three. Inflation-targeting regimes being adopted by many countries provide a way of resolving this dilemma. ER -