01633cas a2200241 a 4500 AALejournalIMF002244 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842920 1018-5941 BD-DhAAL BD-DhAAL Stone, Mark. Inflation Targeting Lite / Mark Stone. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (29 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 Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing inflation into the single digits and maintaining financial stability. ITL can be viewed as a transitional regime aimed at buying time for the implementation of the structural reforms needed for a single credible nominal anchor. The important policy challenges for an ITL central bank include whether or not to precommit to a single anchor. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/012 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/012/001.2003.issue-012-en.xml IMF e-Library