This paper is concerned with the design of institutional arrangements for low inflation in small open economies. In the real world of information asymmetries, u

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneo

In this book David Currie and Paul Levine address a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Adopting

This paper develops a simple framework to examine the budgetary implications of monetary policy measures. It further outlines, using this framework, the various

Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis o