BIS says theory behind EME policy must catch up with ‘reality’

Claudio Borio
Claudio Borio, BIS

Many emerging market economies (EMEs) have successfully tamed inflation, but their use of a mix of inflation targeting, currency interventions and capital controls does not yet have a strong theoretical basis, says the Bank for International Settlements.

The BIS’s annual economic report, published on June 30, notes the situation is similar to the early 1990s, when advanced economies adopted inflation targeting – as early as 1990, in the case of the Reserve Bank of New Zealand.

The theoretical

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: