Fin paper says hybrid monetary policy regimes are unsustainable

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Countries in the Commonwealth of Independent States (CIS) need to abandon a halfway house of hybrid monetary policy regimes, according to a discussion paper published by the Bank of Finland.

The paper – Monetary Policy Regimes in CIS Economies and Their Ability to Provide Price and Financial Stability, by Marek Dabrowski – studies the evolution of monetary policy since the turn of the century in countries that were formerly members of the Soviet Union.

During the 2000s, the authors say, most CIS

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