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Monetary Policy Implementation
Buzeneca, Inese - 2007
Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and Capital Markets Department of the IMF. We offer an...
Persistent link: https://www.econbiz.de/10012677850
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Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn
Stella, Peter - 2008
The paper reviews the policy response of major central banks during the 2007-08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...
Persistent link: https://www.econbiz.de/10014409061
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U.S. Dollar Risk Premiums and Capital Flows.
Balakrishnan, Ravi - 2006
Intro -- Contents -- I. INTRODUCTION AND SUMMARY -- II. WHAT ARE RISK PREMIUMS ON THE DOLLAR AND HOW CAN WE MEASURE THEM? -- III. CAPITAL FLOWS AND RISK PREMIUMS -- IV. EXPLAINING RISK PREMIUM MOVEMENTS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- DATA AND REGRESSION METHODOLOGY -- References.
Persistent link: https://www.econbiz.de/10012691012
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Monetary Policy in Low Income Countries in the Face of the Global Crisis; The Case of Zambia
Benes, Jaromir; Berg, Andrew; Portillo, Rafael; Dao, Mai; … - International Monetary Fund (IMF) - 2012
We develop a DSGE model with a banking sector to analyze the impact of the financial crisis on Zambia and the role of the monetary policy response. We view the crisis as a combination of three related shocks: a worsening in the terms of the trade, an increase in the country’s risk...
Persistent link: https://www.econbiz.de/10011242423
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Macroeconomic Implications for Hong Kong SAR of Accommodative U.S. Monetary Policy
N'Diaye, Papa M'B. P. - 2009
This paper discusses the potential macroeconomic implications for Hong Kong SAR of accommodative monetary policy in the United States. It shows, through model simulations, that a resumption of the credit channel in Hong Kong SAR has the potential to create inflation in both goods and asset...
Persistent link: https://www.econbiz.de/10012677503
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The Challenge of Enforcement in Securities Markets
Carvajal, Ana - 2009
enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a … again highlighted the importance of effective enforcement of securities regulation, as well as the challenges that … securities regulators around the world face in implementing credible enforcement programs. While in many instances it is indi …
Persistent link: https://www.econbiz.de/10012677824
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Managing the Interest Rate Risk of Indian Banks' Government Securities Holdings
Sy, Amadou N. R. - International Monetary Fund (IMF) - 2005
The large holdings of government securities by banks in India draw attention to their risk as interest rates are at …
Persistent link: https://www.econbiz.de/10005826476
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Central Bank Response to the 2007-08 Financial Market Turbulence; Experiences and Lessons Drawn
Stella, Peter; Shimizu, Seiichi; Gray, Simon; Klueh, … - International Monetary Fund (IMF) - 2008
The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...
Persistent link: https://www.econbiz.de/10005825614
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Inflation Targeting Regimes
Carare, Alina; Stone, Mark R. - International Monetary Fund (IMF) - 2003
This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment...
Persistent link: https://www.econbiz.de/10005825645
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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