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VII Implications of Recent Global Shocks »
Chapter
Source: The Role of the Exchange Rate in Inflation-Targeting Emerging Economies : Targeting Emerging Economies
Series: Occasional Papers
Author(s): Anna Nordstrom , Scott Roger , Mark Stone , Seiichi Shimizu , Turgut Kisinbay , and Jorge Restrepo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 November 2009
ISBN: 9781589067967
Keywords: Developing countries, Central bank role, Emerging markets, Exchange rates, Inflation targeting, exchange rate, foreign exchange, inflation, monetary policy
This section discusses the implications of the two recent global shocks for the role of the exchange rate in inflation-targeting emerging economies. The inflation episode of 2007–08 and the global financial...