Showing 1 - 10 of 22
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
This paper reviews the first five years’ experience with inflation targeting in the United Kingdom. It concludes that inflation performance was not significantly different under inflation targeting than predicted by a VAR model estimated in the period prior to participation in the exchange...
Persistent link: https://www.econbiz.de/10014397913
This Technical Note reviews Systemic Liquidity Management in Serbia. The liquidity management framework in Serbia … is generally a function of the quality of the systemic liquidity management by the central bank, the technical capability …
Persistent link: https://www.econbiz.de/10014404436
developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global … uncertainty, staff has revisited the 2017 proposal for a new facility to provide liquidity support to the Fund's membership. This … paper proposes the establishment of a new Short-term Liquidity Line (SLL) as a special facility in the General Resources …
Persistent link: https://www.econbiz.de/10014408787
This paper seeks to draw lessons for financial sector regulation and supervision and central bank liquidity management …
Persistent link: https://www.econbiz.de/10014410390
This note reviews some concepts of global liquidity and discusses measurement approaches that have been used by various …
Persistent link: https://www.econbiz.de/10014410545
mechanics of liquidity creation, the channels of liquidity transmission, and potential risks going forward …
Persistent link: https://www.econbiz.de/10014410698
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10008528670
Persistent link: https://www.econbiz.de/10009424793
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …
Persistent link: https://www.econbiz.de/10014402377