CHARLES ENOCH is Deputy Director of the Monetary and Capital Markets Department, International Monetary Fund (IMF), Washington D.C., USA. He led technical assistance and surveillance missions to major countries in Europe, Asia, and Africa, has published extensively in monetary and financial sector issues in IMF Working Papers and the IMF's Occasional Papers (monograph) series, and has edited several books, including Statistical Implications of Inflation Targeting, Building Strong Banks, and Financial Risks, Stability, and Globalization. He also held positions in the Bank of England (1976-87), and served as the IMF's UK Alternate Executive Director (1987-90). INCI ÖTKER-ROBE is Deputy Chief of the Technical Assistance Wing, Europe, for the IMF. She has worked on various countries in Europe, Asia, and the Middle East, and conducted policy and technical assistance work in exchange rate regimes, capital controls, financial sector stability, credit growth, and inflation targeting, and has published in a number of journals, IMF Working Papers, and IMF Occasional Papers (monograph) series.