01973cas a2200277 a 4500 AALejournalIMF001386 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845020 1018-5941 BD-DhAAL BD-DhAAL Schwartz, Gerd. Inflation Targeting in the Context of IMF-Supported Adjustment Programs / Gerd Schwartz, Pau Rabanal, Mario Blejer, Alfredo Leone. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central bank and a floor on its net international reserves-should be adapted in IMF-supported adjustment programs with countries which have a framework of explicit inflation targets for the implementation of monetary policy. This adaptation should aim at enhancing correspondence and consistency between the monetary objectives of the central bank and the targets established under the IMF-supported adjustment program, as well as between the different instruments used to achieve the policy objectives and targets. The paper reviews various general options in this regard, and, using the case of Brazil as an example, demonstrates how these options may be implemented in practice. Mode of access: Internet Blejer, Mario. Leone, Alfredo. Rabanal, Pau. IMF Working Papers; Working Paper ; No. 2001/031 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/031/001.2001.issue-031-en.xml IMF e-Library