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optimal frequency of intervention, and therefore the optimal interest rate variability, will balance the desirability of …
Persistent link: https://www.econbiz.de/10014403364
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014397927
The Kyrgyz Republic has stabilized with the formation of a new coalition, but political uncertainty remains. Despite a slump in gold production and delays in donor financing, monetary and fiscal policies remained prudent. Improving the business climate, good governance, and strong institutions...
Persistent link: https://www.econbiz.de/10011244398
2013. This has significantly eased the extent to which real interest rates were negative. Fiscal policy at the general …
Persistent link: https://www.econbiz.de/10011245705
This paper assesses the First Review Under the Staff-Monitored Program (SMP) for Afghanistan. The authorities have met all of the indicative quantitative targets set out under the SMP and all the structural benchmarks, except the benchmark on licensing of commercial banks, which was only partly...
Persistent link: https://www.econbiz.de/10005825122
Despite the difficult global environment, economic growth in Mozambique has remained buoyant. Inflation has come down more rapidly than anticipated. Foreign direct investment in the natural resource sector has resulted in rapid import growth. The contribution of coal production and exports and...
Persistent link: https://www.econbiz.de/10011243138
Resilient growth is observed in 2012 in Seychelles. Weakness in tourism has been offset by increases from less-traditional markets. The current account and adjustments has administered prices in the second half of 2011, and a cycle of depreciation and inflation ensued. The fiscal accounts...
Persistent link: https://www.econbiz.de/10011244021
central banks lowered their policy rates below the previous zero lower bound, embarking on so-called negative interest rate … considers potential differences between interest rate cuts in positive versus negative territory on deposit and lending rates …, as well as banks' interest rate margins and profitability, and market functioning. The paper focuses on the bank …
Persistent link: https://www.econbiz.de/10014408638
temporary exceptional interest waiver on concessional lending. An extension would send a signal of the Fund's continued support … global growth, this paper proposes a further extension of the exceptional interest waiver by two years, to end-2014. This …
Persistent link: https://www.econbiz.de/10014410374
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 the SDR interest rate basket since 2006. However, faced with a …
Persistent link: https://www.econbiz.de/10014410559