Wednesday, August 6, 2025
From a paper by Klara Perica, Josip Visković, and Mario Pečarić:
“Financial openness affected the reduction and accumulation of reserves, the growth of the degree of monetary policy independence, while the choice of exchange rate regime was not statistically significant. The study thus confirms that monetary policy independence in the era of capital account liberalisation is limited regardless of the type of exchange rate regime.”
Posted by at 7:47 PM
Labels: Inclusive Growth
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