01843cas a2200265 a 4500 AALejournalIMF007433 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855159 1018-5941 BD-DhAAL BD-DhAAL Savastano, Miguel. The Scope for Inflation Targeting in Developing Countries / Miguel Savastano, Paul Masson, Sunil Sharma. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (53 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 (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework. Mode of access: Internet Masson, Paul. Sharma, Sunil. IMF Working Papers; Working Paper ; No. 1997/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/130/001.1997.issue-130-en.xml IMF e-Library