Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced count

The issue of economic development and monetary stability has produced one of the most passionate debates in economic literature. Yet, much of the evidence emplo

This book gives a broad overview of the main monetary policy challenges faced by countries that are in the lower income range, have an underdeveloped financial

Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial mar

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT).