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Advancing the frontiers of monetary policy
Adrian, Tobias (ed.); Laxton, Douglas (ed.);  … - 2018
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including …Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles … and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a …
Persistent link: https://www.econbiz.de/10011874333
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Criteria of External Sustainability
International Monetary Fund - 1988
This paper analyzes the main conceptual issues that arise in assessing external sustainability with a view toward developing operational criteria for the purposes of multilateral surveillance. The main contribution of the analysis is to show how conditional forecasts of external imbalance may be...
Persistent link: https://www.econbiz.de/10014396367
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Japan 2011 Article IV consultation : 2011 selected issues
Berkmen, Pelin; Lam, W. Raphael; Steinberg, Chad Bennett; … - 2011
Persistent link: https://www.econbiz.de/10009515563
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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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Structural Reforms in Government Bond Markets
International Monetary Fund - 1998
The paper documents institutional reforms that have taken place in the government debt markets of many industrial countries since the early 1980s, and investigates the impact of three key changes: (i) the move from relationship financing to market funding; (ii) the introduction of options; and...
Persistent link: https://www.econbiz.de/10014401655
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Guidance Note For Developing Government Local Currency Bond Markets
International Monetary Fund - 2021
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging...
Persistent link: https://www.econbiz.de/10014410890
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Local Currency Bond Markets : A Diagnostic Framework
International Monetary Fund - 2013
In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions-the IMF, the World Bank, the EBRD, and the OECD-were asked to draw on their experience to develop a diagnostic framework (DF) to identify general...
Persistent link: https://www.econbiz.de/10014410551
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Developing Government Bond Markets : A Handbook
International Monetary Fund - 2001
This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who...
Persistent link: https://www.econbiz.de/10014402941
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Market Information and Signaling in Central Bank Operations, Or, How often Should a Central Bank Intervene?
International Monetary Fund - 1997
A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow. It is shown how the optimal operating procedure balances the value of attaining an immediate target and broadcasting the central...
Persistent link: https://www.econbiz.de/10014400555
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Signaling by the Fund : A Historical Review
International Monetary Fund - 2004
The objective of this paper is to review the Fund's thinking about signaling since its inception, with a view to drawing lessons for the design of possible signaling mechanisms. Over the years, the Fund has both reflected on the ways in which its main activities - especially surveillance and use...
Persistent link: https://www.econbiz.de/10014409740