00766nam a2200085Ia 4500100002200000245008800022260000900110520054200119583001900661  aRobinson, John W.  aIndependent monetary policy in a very open economy : challenges, costs and benefits  c1999  aReviews the options that were open to policy-makers in the choice of exchange rate regime, and the implications of each of the choices made across the region.  Sets out the conceptual and operational framework used in the process of formulating monetary policy and the way it was used to deal flexibly with challenges from capital flows, fiscal impulses and real shocks in Jamaica.  Assess the nature of the costs - interest costs, reserve accumulation, financial restructuring - and looks at ways to minimise these over the medium-term.  c5/10/01kJOY_D