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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy

International Monetary Fund - 2005

Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...

Persistent link: https://www.econbiz.de/10014400699

Anticipation and Surprises in Central Bank Interest Rate Policy : The Case of the Bundesbank

International Monetary Fund - 1998

Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...

Persistent link: https://www.econbiz.de/10014400820

Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments

International Monetary Fund - 2017

Persistent link: https://www.econbiz.de/10014408258

Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries : Strategies for Financial Reforms

International Monetary Fund - 1990

This paper identifies macroeconomic stability, effective bank supervision, and an appropriate sequencing of stabilization, banking regulations, and interest rate policies as common characteristics of the relatively successful experiments in financial sector liberalization. Recent theoretical...

Persistent link: https://www.econbiz.de/10014396107

Staff Report on the Multilateral Consultation on Global Imbalances with China, the Euro Area, Japan, Saudi Arabia, and the United States

International Monetary Fund - 2007

Multilateral Consultations are a new tool of multilateral surveillance for the IMF, designed to foster action-oriented debate and policy actions on a problem of systemic or regional importance. The first multilateral consultation focused on facilitating the resolution of global imbalances while...

Persistent link: https://www.econbiz.de/10014409833

Interest Rate Policies in Developing Countries

International Monetary Fund - 1983

In recent years, the appropriate level and structure of interest tates have come to be seen as major issues in connection with stabilization programs undertaken by members. These issues arise from consideration both on the demand side, as interest rates affect the magnitude of aggregate demand,...

Persistent link: https://www.econbiz.de/10014402536

The SDR Interest Rate Basket : Proposed Change of the Representative Interest Rate for the Euro and Amendment to Rule T-1(C)

International Monetary Fund - 2014

The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of the end of 2014. The three-month Eurepo rate, administered by the European Money Market Institute (EMMI), has been the representative interest rate instrument of the euro area in...

Persistent link: https://www.econbiz.de/10014410559

Small States Resilience to Natural Disasters and Climate Change : Role for the IMF

International Monetary Fund - 2016

Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as...

Persistent link: https://www.econbiz.de/10014408600

Large Natural Disasters : Enhancing the Financial Safety Net for Developing Countries

International Monetary Fund - 2017

The Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) are valuable components of the disaster risk … access limits of 60 percent of quota under the RCF and RFI for countries experiencing severe natural disaster-related damages …. The focus of this paper is to specify the threshold of damage from a natural disaster that would allow members …

Persistent link: https://www.econbiz.de/10014408736

Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

International Monetary Fund - 2020

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, given staff's assessment that sufficient financial resources are available.2 In this...

Persistent link: https://www.econbiz.de/10014408890

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