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Central Bank Collateral Frameworks; Principles and Policies
McCaughrin, Rebecca; Gray, Simon; Chailloux, Alexandre - International Monetary Fund (IMF) - 2008
; (ii) central banks face trade-offs between risk and counterparty access; (iii) emerging markets may see pressure on …
Persistent link: https://www.econbiz.de/10005263899
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Pricing Debit Card Payment Services; An IO Approach
Tieman, Alexander F.; Bolt, Wilko - International Monetary Fund (IMF) - 2003
This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In...
Persistent link: https://www.econbiz.de/10005264130
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Monetary Policy, Monetary Areas, and Financial Development with Electronic Money
Arnone, Marco; Bandiera, Luca - International Monetary Fund (IMF) - 2004
Electronic money (e-money), as a network good, could become an important form of currency in the future. Such a development could affect monetary policy effectiveness. If an increased use of e-money substantially limits the demand for central bank reserves, this limitation would require changes...
Persistent link: https://www.econbiz.de/10005769222
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Treasury Single Account; Concept, Design, and Implementation Issues
Yaker, Israel Fainboim; Pattanayak, Sailendra - International Monetary Fund (IMF) - 2010
A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial...
Persistent link: https://www.econbiz.de/10008560438
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Dynamic Depositor Discipline in U.S. Banks
McDill, Kathleen; Maechler, Andrea M. - International Monetary Fund (IMF) - 2003
This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility...
Persistent link: https://www.econbiz.de/10005248320
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Asset Market Participation, Monetary Policy Rules, and the Great Inflation
Bilbiie, Florin; Straub, Roland - International Monetary Fund (IMF) - 2006
This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...
Persistent link: https://www.econbiz.de/10005263711
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Structural Reforms in the Euro Area; Economic Impact and Role of Synchronization Across Markets and Countries
Everaert, Luc; Schule, Werner - International Monetary Fund (IMF) - 2006
markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are … transitional costs as they induce a temporary decline in consumption, but raising competition in goods markets can mitigate some of … these costs. Thus, coordinating the timing of reforms across markets is beneficial, and the more so the more open the …
Persistent link: https://www.econbiz.de/10005264078
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First; A Market-Based Approach to Evaluate Financial System Risk and Stability
Avesani, Renzo G. - International Monetary Fund (IMF) - 2005
, complex financial institutions (LCFIs) operating in the most advanced financial markets, MRI and CRI have also been applied to …
Persistent link: https://www.econbiz.de/10005264101
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An Incentive Approach to Identifying Financial System Vulnerabilities
Chai, Jingqing; Johnston, R. B. - International Monetary Fund (IMF) - 2000
This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....
Persistent link: https://www.econbiz.de/10005264193
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Assessing Bank Competition within the East African Community
Sanya, Sarah; Gaertner, Matthew - International Monetary Fund (IMF) - 2012
This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African Community (EAC) countries2. The results show that the degree of competition is low due to a combination of structural and socio-economic factors. By way of preview, the analysis...
Persistent link: https://www.econbiz.de/10009650623