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Subventionierung elektronischer Geldbörsen durch staatliche Geldschöpfungsgewinne
Janssen, Ole; Lange, Carsten - 1997
Persistent link: https://www.econbiz.de/10004728970
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Reserve Requirements in the Brave New Macroprudential World
Cordella, Tito; Federico, Pablo; Vegh, Carlos; Vuletin, … - 2014
Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in developing countries. The appeal of reserve requirements lies in the pro-cyclical behavior of...
Persistent link: https://www.econbiz.de/10012573862
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A New Financial System for Poverty Reduction and Growth
Bossone, Biaggio; Sarr, Abdourahmane - International Monetary Fund (IMF) - 2002
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573
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Financing Budget Deficits by Seigniorage and Implicit Taxation: The Cases of Spain and Portugal
Repullo, Rafael - C.E.P.R. Discussion Papers - 1991
This paper evaluates the contribution of seigniorage and implicit taxation of financial intermediation to the financing … mechanisms amount to an implicit tax on financial intermediation, whose revenue can be added to seigniorage. The paper sets out … justifies the measures of seigniorage and implicit taxation that are computed for the period 1980-1990. The results show that …
Persistent link: https://www.econbiz.de/10005791722
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Republic of Armenia; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; a...
International Monetary Fund (IMF); International … - 2006
The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility focuses on the Republic of Armenia’s economic environment and policy discussion. Financial sector reforms will focus on improving corporate governance, strengthening...
Persistent link: https://www.econbiz.de/10011244639
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The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies
Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy...
Persistent link: https://www.econbiz.de/10011245907
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Establishing Initial Conditions in Support of Inflation Targeting
Zelmer, Marc; Schaechter, Andrea; Stone, Mark R.; … - International Monetary Fund (IMF) - 2002
This paper provides some practical advice on establishing initial conditions in support of an inflation-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and accountability for achieving this objective; macroeconomic...
Persistent link: https://www.econbiz.de/10005826527
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Adopting Inflation Targeting; Practical Issues for Emerging Market Countries
Zelmer, Marc; Schaechter, Andrea - International Monetary Fund (IMF) - 2000
Persistent link: https://www.econbiz.de/10005767372