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Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund - 2004
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …
Persistent link: https://www.econbiz.de/10014404135
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Managing Risks in Financial Market Development; The Role of Sequencing
International Monetary Fund (IMF); International … - 2003
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10005768863
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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
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Working Paper 94/114 Estimating and interpreting Forward interest Rates : Sweden 1992-1994
International Monetary Fund - 1994
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
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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 … financial sector liberalization. Recent theoretical developments help to explain why interest rates in free markets for bank … institutions and the economy at large. To prevent such outcomes, macro-economic stabilization and improved bank supervision should …
Persistent link: https://www.econbiz.de/10014396107
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Nominal Interest Rate Pegging Under Alternative Expectations Hypotheses
International Monetary Fund - 1988
Nominal interest rate pegging leads to instability in an IS-LM model with a vertical long-run Phillips curve and backward-looking inflation expectations. However, it does not lead to instability in several large multicountry econometric models, apparently primarily because these models have...
Persistent link: https://www.econbiz.de/10014396137
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Issues in Interest Rate Management and Liberalization
International Monetary Fund - 1990
This paper discusses the transition strategy from administratively set interest rates to market rates. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market-determined. The paper suggests...
Persistent link: https://www.econbiz.de/10014396268
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Valuing Interest Payment Guaranteeson Developing Country Debt
International Monetary Fund - 1990
This paper develops a technique to value guarantees on interest payments on developing-country debt, and provides some preliminary estimates of the cost of such guarantees. The cost of interest payment guarantees is not directly observable because a guarantee is a contingent obligation that...
Persistent link: https://www.econbiz.de/10014395991
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Informational Efficiency, Interest Rate Variability, and Central Bank Operations
International Monetary Fund - 1997
It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic … bank to send clear signals of its own intentions will also depend on market informational efficiency …
Persistent link: https://www.econbiz.de/10014403364
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Negative Interest Rate Policies-Initial Experiences and Assessments
International Monetary Fund - 2017
, 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