Search Results - subject:"monetary condition"

Reversing the Financial Accelerator; Credit Conditions and Macro-Financial Linkages

Bayoumi, Tamim; Darius, Reginald - International Monetary Fund (IMF) - 2011

This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explores the relative predictive power of market variables compared to credit...

Persistent link: https://www.econbiz.de/10008839345

Monetary Transmission of Global Imbalances in Asian Countries

Lee, Il Houng; Choi, Woon Gyu - International Monetary Fund (IMF) - 2010

, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary … condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy …

Persistent link: https://www.econbiz.de/10008671301

Measuring Monetary Conditions in A Small Open Economy: The Case of Malaysia

Majid, Abdul; Zulkhibri, Muhamed - Volkswirtschaftliche Fakultät, … - 2010

The paper explores the measurement of monetary condition in Malaysia to augment the existing monetary policy framework …. As an open economy, Monetary Condition Index (MCI) and Financial Condition Index (FCI) are applicable to understand the … monetary condition especially in the era of financial deregulation and liberalisation. The results obtained suggest that the …

Persistent link: https://www.econbiz.de/10008855542

Measuring Monetary Conditions in A Small Open Economy: The Case of Malaysia

Majid, Abdul; Zulkhibri, Muhamed - Volkswirtschaftliche Fakultät, … - 2010

Persistent link: https://www.econbiz.de/10008855806

The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies

Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy...

Persistent link: https://www.econbiz.de/10011245907

Challenges to Monetary Policy From Financial Globalization; The Case of India

Prasad, A.; Kramer, Charles Frederick; Poirson, Hélène - International Monetary Fund (IMF) - 2008

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and...

Persistent link: https://www.econbiz.de/10005826246

Papua New Guinea; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2008

This paper analyzes the workings and effectiveness of the monetary transmission mechanism in Papua New Guinea. The paper is organized as follows: it describes the current institutional structure in Papua New Guinea; interest rate is discussed; the evidence from vector autoregression analysis on the...

Persistent link: https://www.econbiz.de/10011243633

Measures of Monetary Policy Stance : The Case of Pakistan

Khan, Sajawal; Qayyum, Abdul - East Asian Bureau of Economic Research (EABER) - 2007

an individual coefficient Monetary Condition Index (MCI) performs better than both the summarised MCI coefficient and the …

Persistent link: https://www.econbiz.de/10009363954

China; Strengthening Monetary Policy Implementation

Laurens, Bernard; Maino, Rodolfo - International Monetary Fund (IMF) - 2007

The People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their effectiveness will diminish as the sophistication of the economy increases. Empirical evidence supports maintaining a reference to money in China's monetary strategy and enhancing the...

Persistent link: https://www.econbiz.de/10005769272

Measures of Monetary Policy Stance: The Case of Pakistan

Khan, Sajawal; Qayyum, Abdul - Pakistan Institute of Development Economics - 2007

an individual coefficient Monetary Condition Index (MCI) performs better than both the summarised MCI coefficient and the … Condition Index (MCI) 4 2.2. The Bernanke and Mihov Overall Measure 5 3. Empirical Results 7 4. Monetary Condition Index … monetary actions that does not raise serious objections”. Our results show that an individual coefficient Monetary Condition …

Persistent link: https://www.econbiz.de/10005796907