Narrow search
Showing 1 - 10 of 1,447
Cover Image
Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa; Main Features and Policy Implications
Kovanen, Arto - International Monetary Fund (IMF) - 2002
This paper reviews the reserve requirement arrangements of sub-Saharan Africa, focusing on the differences between reserve requirements on domestic- and foreign-currency deposits. The reserve requirement systems in sub-Saharan Africa are relatively simple and transparent, but in some countries...
Persistent link: https://www.econbiz.de/10005825674
Cover Image
Policy Credibility and Sovereign Credit; The Case of New EU Member States
Kumar, Manmohan S.; Jonáš, Jirí; Hauner, David - International Monetary Fund (IMF) - 2007
References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. The case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally...
Persistent link: https://www.econbiz.de/10005825886
Cover Image
Five Years After; European Union Membership and Macro-Financial Stability in the New Member States
Cihák, Martin; Fonteyne, Wim - International Monetary Fund (IMF) - 2009
The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...
Persistent link: https://www.econbiz.de/10005825949
Cover Image
The Ties That Bind; Measuring International Bond Spillovers Using the Inflation-Indexed Bond Yields
Swiston, Andrew; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds … and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United … Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are …
Persistent link: https://www.econbiz.de/10005826197
Cover Image
Market Predictability of ECB Monetary Policy Decisions; A Comparative Examination
Ross, Kevin - International Monetary Fund (IMF) - 2002
Many surveys of the ECB's monetary framework emphasize the inability of financial markets to correctly predict monetary policy decisions. At the same time, these surveys of financial market participants have given relatively high marks to the United States Federal Reserve and the Bank of England...
Persistent link: https://www.econbiz.de/10005826296
Cover Image
Financial Sector Reforms and Monetary Policy
International Monetary Fund (IMF); International … - 1991
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...
Persistent link: https://www.econbiz.de/10005826634
Cover Image
Determinants of Interest Rate Pass-Through; Do Macroeconomic Conditions and Financial Market Structure Matter?
Gigineishvili, Nikoloz - International Monetary Fund (IMF) - 2011
capita GDP and inflation have positive effects on pass-through, while market volatility has a negative effect. Among …
Persistent link: https://www.econbiz.de/10009203524
Cover Image
Euro Area Policies; 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direct...
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation on euro area policies highlights that 10 years after its launch, monetary union is a distinct success and the euro area a zone of stability in the international economy. However, economic union remains work in progress. Improved wage setting and labor market...
Persistent link: https://www.econbiz.de/10011243247
Cover Image
Austria; 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria
International Monetary Fund (IMF); International … - 2008
A mix of solid economic policies, wage moderation, and an early orientation toward Eastern Europe explain Austria’s strong economic performance. The economy has grown strong in 2007 and through the first quarter of 2008. Employment growth remains strong, but the trend of a declining...
Persistent link: https://www.econbiz.de/10011243685
Cover Image
Vietnam; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
declining inflation, stabilizing the exchange rate, and a rebuilding of international reserves. Directors also recommended that … monetary policy give priority to reducing inflation and rebuilding reserves further. …
Persistent link: https://www.econbiz.de/10011244579