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On Hayek's denationalization of money, free banking and inflation targeting
free-banking Hayek inflation targeting Non-redeemable money performance contracting
2011/9/27
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...
Interdependencies between Monetary Policy and Foreign Exchange Interventions under Inflation Targeting: The Case of Brazil and the Czech Republic
central banks foreign exchange markets emerging markets nominal exchange rate changes
2011/8/21
Inflation-targeting central banks often explicitly reserve the right to intervene in foreign exchange markets when the exchange rate ‘deviates from fundamentals’ and/or ‘displays excessive volatility’...