Monetary policy and an open capital account

Roberto Zahler

doi:10.18356/73bb9092-en

E-ISSN: 16840348

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Monetary policy and an open capital account
Author: Roberto Zahler
Source: CEPAL Review, Volume 1992, Issue 48, Dec 1992, p. 157 - 166
DOI: https://doi.org/10.18356/73bb9092-en
Language: English | Also available in Spanish
- Published online: 31 Dec 1992

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Abstract

In this paper the author analyses some of the difficulties encountered by monetary authorities when they are operating in a situation of international capital mobility; more specifically, he focuses on how two of their monetary policy objectives -controlling inflation and maintaining a stable exchange rate- may conflict.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Reduced Inequalities

Related Subject(s): Economic and Social Development

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Monetary policy and an open capital account

Abstract

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