02084cas a2200241 a 4500 AALejournalIMF020637 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498344067 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (73 pages) Policy 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 Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs. Mode of access: Internet Policy Papers; Policy Paper ; No. 2015/068 Full text available on IMF http://elibrary.imf.org/view/journals/007/2015/068/007.2015.issue-068-en.xml IMF e-Library