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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/10014395951
Considers possible adjustments in the design of Fund-supported programs, drawing on the experience of low-income countries that have successfully addressed the most apparent domestic macroeconomic imbalances
Persistent link: https://www.econbiz.de/10014409774
The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the...
Persistent link: https://www.econbiz.de/10014396345
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...
Persistent link: https://www.econbiz.de/10014401884
of inflation variability, as predicted by the fiscal theory of the price level … sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries …
Persistent link: https://www.econbiz.de/10014401393
An evaluation of observance of good transparency practices relating to banking supervisory and regulatory policy was carried out as part of the Financial Sector Assessment Program (FSAP) against the IMF Code of Good Practices on Transparency in Monetary and Financial Policies. It also provides...
Persistent link: https://www.econbiz.de/10014405394
Persistent link: https://www.econbiz.de/10014406355
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies—Securities Regulation for Italy. The paper discusses that in the area of securities regulation, the objectives and responsibilities of the two...
Persistent link: https://www.econbiz.de/10014406894
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies (MFPT Code)—Banking Supervision for Italy. Banca d’Italia (BI) notes the assessment’s recognition of the very high degree of compliance of the...
Persistent link: https://www.econbiz.de/10014407252