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Indiana University Bloomington

Doctoral Programs

1960 Notable

From 1960-2013, we prepared nearly 1,200 men and women
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Journal Articles

Importing Credible Monetary Policy: A Way for Transition Economies to Fight Inflation?

2006, Economics Letters

Elham Mafi-Kreft, Steven F. Kreft

Abstract

In the 1990s, transition economies were rearranging their monetary regimes. This paper compares the chosen regimes based on the level of discretionary power and the ability to control inflation. Results show that non-discretionary regimes produce lower and more stable inflation.

Citation

Mafi-Kreft, Elham and Steven F. Kreft. “Importing Credible Monetary Policy: A Way for Transition Economies to Fight Inflation?” Economics Letters, v 92, No.1, July 2006.

Keywords

Transition economies; Currency board; European Monetary Union; Exchange rate regime