01632cas a2200241 a 4500 AALejournalIMF002351 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847727 1018-5941 BD-DhAAL BD-DhAAL Khan, Mohsin. Current Issues in the Design and Conduct of Monetary Policy / Mohsin Khan. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (18 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 Movements in global capital during the late 1990s and the greater emphasis on price stability led many countries to abandon fixed exchange rate regimes and to design institutions and monetary policies to achieve credibility in the goal of lowering inflation. Such recent developments have brought to the forefront the idea that freely mobile capital, independent monetary policy, and fixed exchange rates form an "impossible trinity." It is possible to have two of these policies, but not all three. Inflation-targeting regimes being adopted by many countries provide a way of resolving this dilemma. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/056 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/056/001.2003.issue-056-en.xml IMF e-Library