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Monetary Policy Communication and Financial Markets in India
Ahmed, Faisal - 2022
Forward-looking monetary policy communication has become a key element of flexible inflation-targeting regimes across … advanced and emerging market economies. The Reserve Bank of India's implementation of a flexible inflation targeting framework … since 2016 has been supported by a broad set of communication tools, more recently aided by policy innovations such as …
Persistent link: https://www.econbiz.de/10015060012
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Writing Clearly : ECB's Monetary Policy Communication
Cihak, Martin - 2008
The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case … of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about … available. We also find that the additional information contained in the ECB's Monthly Bulletins helps to improve communication …
Persistent link: https://www.econbiz.de/10014409073
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Inflation Targeting and Communication
Smídková, Katerina - 2008
methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …
Persistent link: https://www.econbiz.de/10012677665
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Central Bank Response to the 2007-08 Financial Market Turbulence
Stella, Peter - 2008
Persistent link: https://www.econbiz.de/10012678161
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How Do Central Banks Write on Financial Stability?.
Cihák, Martin - 2006
Intro -- Contents -- I. INTRODUCTION -- II. WHAT IS AN FSR AND WHO PUBLISHES IT? -- III. ASSESSING THE FSRS -- IV. HOW DO EXISTING FSRS COMPARE TO THE PROPOSED CRITERIA? -- V. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691057
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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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Understanding Chinese Bond Yields and their Role in Monetary Policy
Porter, Nathan; Cassola, Nuno - International Monetary Fund (IMF) - 2011
China's financial prices are informative enough for the PBC to introduce a monetary policy framework centered around interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and segmentation?we find they contain considerable information about the state of the...
Persistent link: https://www.econbiz.de/10009327875
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Determinants of Interest Rate Pass-Through; Do Macroeconomic Conditions and Financial Market Structure Matter?
Gigineishvili, Nikoloz - International Monetary Fund (IMF) - 2011
Numerous empirical studies have found that the strength of the interest rate pass-through varies markedly across countries and markets. The causes of such heterogeneity have attracted considerably less attention so far. Unlike other studies that mainly focus on small groups of mostly developed...
Persistent link: https://www.econbiz.de/10009203524
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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
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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