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This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow. It is shown how the optimal operating procedure balances the value of attaining an immediate target and broadcasting the central...
Persistent link: https://www.econbiz.de/10014400555
The Swedish banking system faced a severe liquidity strain during the global financial crisis owing to their extensive … recommendations made in the Financial Sector Assessment Program (FSAP) Update in the area of systemic liquidity risk management …, especially in relatively weak areas and some aspects of Riksbank’s domestic liquidity toolkit. But it does not cover a range of …
Persistent link: https://www.econbiz.de/10011243697
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/10005826233
This paper seeks to draw lessons for financial sector regulation and supervision and central bank liquidity management …
Persistent link: https://www.econbiz.de/10014410390
The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armenia’s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening...
Persistent link: https://www.econbiz.de/10011244639
Cover -- Contents -- I. Estimating Indonesia's Potential Growth Rate -- II. Monetary Operations, Liquidity Management …
Persistent link: https://www.econbiz.de/10009510804
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10014402462
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10008528670
The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines...
Persistent link: https://www.econbiz.de/10011244188