Charles I Plosser: Systematic monetary policy and communication Speech by Mr Charles I Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia, at the Economic Club of New York, New York City, 24 June 2014.
Second, some developing countries have been able to establish active domestic credit markets in which borrowing may take place in long-term, fixed-rate debt, providing a partial substitute for foreigncurrency borrowing (examples include Chile, India, and Korea).