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Issues and Experiences
This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional config...
Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of devel...
This paper examines the experience of implementing indirect instruments of monetary policy. The experiences of country studies illustrate the variety ...
A Strategy of Financial Sector Reform
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sec...
Lessons from Asia
This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these t...
This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995. Special attention is given to the...