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Tunisia monetary policy since the Arab Spring : the fall of the exchange rate anchor and rise of inflation targeting
El Hamiani Khatat, Mariam; End, Nicolas; Kolsi, Rym - 2020
In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …
Persistent link: https://www.econbiz.de/10012301899
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Central Banks Quasi-Fiscal Policies and Inflation
Park, Seok Gil - 2012
Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper offers a theoretical model with which such policies can be analyzed. In...
Persistent link: https://www.econbiz.de/10014396938
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Monetary policy in hybrid regimes : the case of Kazakhstan
Epstein, Natan; Portillo, Rafael - 2014
Persistent link: https://www.econbiz.de/10010388860
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Monetary Policy in Hybrid Regimes : The Case of Kazakhstan
Epstein, Natan P. - 2014
inflation in the context of a managed exchange rate regime. Over the past two years, the central bank has taken steps to enhance …
Persistent link: https://www.econbiz.de/10014411392
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Central banks quasi-fiscal policies and inflation
Park, Seok Gil - 2012
Persistent link: https://www.econbiz.de/10009423899
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China's monetary policy communication : frameworks, impact, and recommendations
McMahon, Michael; Schipke, Alfred; Li, Xiang - 2018
Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its financial system and open its economy. This paper discusses the country's unique...
Persistent link: https://www.econbiz.de/10011978360
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Transformation of Markets and Policy Instruments for Open Market Operations
Axilrod, S. H. - 1995
As developing countries and economies in transition have relied on deregulated, competitive markets to spur growth, their central banks have shifted toward using open market operations as a tool of monetary policy. To be most effective, such operations require supportive changes in other policy...
Persistent link: https://www.econbiz.de/10014398291
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Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy
Kourelis, Angeliki - 1994
The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth transmission of monetary policy impulses. Yet, no systematic measure of the different degree of lending rate stickiness across countries has been attempted. This paper provides...
Persistent link: https://www.econbiz.de/10014396171
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Pledged collateral market's role in transmission to short-term market rates
Kumar, Manmohan S.; Goel, Rohit - 2019
In global financial centers, short-term market rates are effectively determined in the pledged collateral market, where banks and other financial institutions exchange collateral (such as bonds and equities) for money. Furthermore, the use of long-dated securities as collateral for short...
Persistent link: https://www.econbiz.de/10012021913
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Some alternative monetary facts
Stella, Peter; Kumar, Manmohan S.; Bhargava, Apoorv - 2021
Persistent link: https://www.econbiz.de/10012487229