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Persistent link: https://www.econbiz.de/10013548662
exchange operations or effectively supervise banks and other financial institutions, the book also presents information on …
Persistent link: https://www.econbiz.de/10014404803
This paper presents the first set of Poverty Reduction and Growth Trust (PRGT) borrowing agreements that have been signed to respond to the unprecedented demand for concessional financing during the COVID-19 pandemic. A fast-track loan mobilization round has been instrumental to allow the Fund...
Persistent link: https://www.econbiz.de/10014408897
bank of allowing the free play of market forces to reveal more of the information available to market participants …A central bank must decide on the frequency with which it will conduct open market operations and the variability in … an immediate target and broadcasting the central bank’s intentions against the informational advantages to the central …
Persistent link: https://www.econbiz.de/10014400555
This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...
Persistent link: https://www.econbiz.de/10014400741
and on the scope for policy signaling by the central bank …
Persistent link: https://www.econbiz.de/10014400820
monetary instruments, discusses the role of the market and of the central bank, and takes a brief, practical look at howopen …
Persistent link: https://www.econbiz.de/10014402763
. The complete text of the basic central bank law of each country is given, as well as the by-laws of the central bank where …
Persistent link: https://www.econbiz.de/10014397640
This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or...
Persistent link: https://www.econbiz.de/10014395861
This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are...
Persistent link: https://www.econbiz.de/10014396007