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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
developments should be monitored closely and monetary policy tightened further should inflation pressures increase. The …
Persistent link: https://www.econbiz.de/10011244639
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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
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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
Criteria are discussed. The authorities are taking measures to contain inflation. The inflation target has been raised to … particularly important given the role of expected inflation in wage settlements. …
Persistent link: https://www.econbiz.de/10005598937
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Latin American Central Bank Reform; Progress and Challenges
International Monetary Fund (IMF); International … - 2005
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10005605076
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Angola; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2007
anti-inflation policy that has led to a sharp decline in inflation. To institute a monetary policy framework, a nominal … currency in circulation, conduct more sophisticated tests to assess the relationship between inflation and the monetary …
Persistent link: https://www.econbiz.de/10011242840
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Uganda; Second Review Under the Policy Support Instrument and Request for Waiver of Assessment Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discus...
International Monetary Fund (IMF); International … - 2011
Economic growth has recovered, but higher food and fuel prices have sparked a sharp rise in inflation. Monetary policy … has been tightened to contain core inflation and effects of the food and fuel price shocks. The government has allowed for …
Persistent link: https://www.econbiz.de/10011243092
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Nigeria; 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; Statement by the IMF Staff Representative; and St...
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that reforms initiated earlier this decade in Nigeria have averted the boom–bust pattern that characterized previous oil price cycles and better prepared the economy to deal with the global financial crisis. Non-oil growth averaged 9 percent...
Persistent link: https://www.econbiz.de/10011243651
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The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals
International Monetary Fund - 1990
arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U … data to meet the empirical arbitrage pricing theory restrictions and the large proportion of return variance unexplained by …
Persistent link: https://www.econbiz.de/10014396212
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Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets
International Monetary Fund - 2009
This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility respond to news about macroeconomic fundamentals. As in mature bond markets, macroeconomic surprises in external emerging bond markets are found to a¤ect both conditional...
Persistent link: https://www.econbiz.de/10014404285
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Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy
International Monetary Fund - 1989
forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources …
Persistent link: https://www.econbiz.de/10014396503