The impact of the choice of goals and policy tools by monetary authorities on the vulnerability of economies

The book is devoted to the comparison of monetary policy regimes from the point of view of the vulnerability of economies using their countries to crisis. The work consists of two parts. The first part is a review of the literature, which presents the results of studies that consider exposure to crises of economies that apply such monetary policy modes such as currency targeting, classical and modified inflation targeting. The effectiveness of the accumulation of foreign exchange reserves is given as a tool for preventing or mitigating crises.
In the second part of the work - empirical - the methodology and results of the comparison of the adaptation abilities of the economies obtained on the basis of the analysis of the dynamics of key macroeconomic indicators in the pre-crisis and post-crisis periods in countries grouped under monetary policy regimes are described. The estimates of economic exposure to crises based on the calculation of the frequencies of the occurrence of crises under various modes.
For teachers and students of economic universities, specialists in the field of macroeconomics and finance