This paper reviews the current monetary and exchange rate policy frameworks in Armenia and Georgia, and the challenges associated with the choice of a credible nominal anchor in the context of large nominal and real shocks. The paper makes a case for a gradual …
CITATION STYLE
International Monetary Fund. (2007). Modalities of Moving to Inflation Targeting in Armenia and Georgia. IMF Working Papers, 07(133), 1. https://doi.org/10.5089/9781451866971.001
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