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Reserve Requirements and Monetary Management : An Introduction

International Monetary Fund - 1993

Reserve requirements are widely used by central banks as a means to improve monetary control, an instrument for policy implementation, a source of revenue, and a safeguard of bank liquidity. The effectiveness of reserve requirements in fulfilling these functions is reviewed, and the detailed...

Persistent link: https://www.econbiz.de/10014396330

Terms of Trade Disturbances, Real Exchange Rates, and Welfare : The Role of Capital Controls and Labor Market Distortions

International Monetary Fund - 1989

Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...

Persistent link: https://www.econbiz.de/10014396039

Welfare Effects of Uzbekistan's Foreign Exchange Regime

International Monetary Fund - 2000

In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...

Persistent link: https://www.econbiz.de/10014399812

The Welfare Effects of Public Expenditure Programs Reconsidered

International Monetary Fund - 1989

The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...

Persistent link: https://www.econbiz.de/10014396379

Seigniorage in the EC : The Implications of the EMS and Financial Market Integration

International Monetary Fund - 1989

revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by … 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be … different measures of seigniorage yield similar results regarding the change, but differ regarding the level …

Persistent link: https://www.econbiz.de/10014396444

Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America

International Monetary Fund - 2012

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...

Persistent link: https://www.econbiz.de/10014396432

Republic of Armenia; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; a...

International Monetary Fund (IMF); International … - 2006

The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armeniaâ€™s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening...

Persistent link: https://www.econbiz.de/10011244639

Czech Republic; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM),...

Persistent link: https://www.econbiz.de/10005591123

Honduras; First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, and Financing Assurances Rev...

International Monetary Fund (IMF); International … - 2006

Hondurasâ€™s First Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria are discussed. The authorities are taking measures to contain inflation. The inflation target has been raised to accommodate the first-round impact of the oil price...

Persistent link: https://www.econbiz.de/10005598937

Angola; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper and Statistical Appendix on Angola underlie monetary policy framework. Angola has adopted an anti-inflation policy that has led to a sharp decline in inflation. To institute a monetary policy framework, a nominal anchor or constraint on the value of domestic currency...

Persistent link: https://www.econbiz.de/10011242840

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