Showing 1 - 10 of 990
Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are...
Persistent link: https://www.econbiz.de/10014401851
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10014400322
These Technical Notes on France explain integration of global financial markets. The stress tests for the France Financial Sector Assessment Program (FSAP) were designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach. Retail activity by...
Persistent link: https://www.econbiz.de/10014405967
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...
Persistent link: https://www.econbiz.de/10014398013
This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy implications. First, interest rates on indexed assets do not fully reflect real...
Persistent link: https://www.econbiz.de/10014397378
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
The composition of short-term and medium-term adjustment measures will facilitate sufficient short-term adjustment flexibility, and be consistent with medium-term fiscal sustainability. Improving debt resolution instruments will help the banks to regain confidence in lending. Meanwhile, there is...
Persistent link: https://www.econbiz.de/10014403207
This study estimated Indonesia's potential growth rate and examined its underlying determinants. Implementing a … stability, and support capital market development. This paper also reviews the level and structure of tax revenues in Indonesia …, estimates tax effort and tax efficiency, and discusses potential areas of revenue mobilization. Indonesia's financial linkages …
Persistent link: https://www.econbiz.de/10009510804
This assessment covers the transparency of monetary policy in the Republic of Indonesia, and in particular, BI's role … Indonesia, which was conducted jointly by the IMF and the World Bank during 2009-2010. The assessment was primarily undertaken … draft version of this assessment, Bank Indonesia (BI) took a number of steps to enhance transparency, and the ratings in …
Persistent link: https://www.econbiz.de/10012247392
This paper analyzes the evolution and effectiveness of Indonesia’s monetary control system following the financial …
Persistent link: https://www.econbiz.de/10014396201