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Effects of the Monetary Policy Rate on Interest Rates in Nigeria
Kelilume, Ikechukwu - In: The International Journal of Business and Finance Research 8 (2014) 1, pp. 45-55
developing countries. In Nigeria however, the Central Bank has kept monetary policy rate stable at 12 percent between October … policy rate on other rates in Nigeria. The study makes use of monthly data from M1:2007 to M9: 2012 to evaluate the cause … effect relationships between monetary policy rate and short term and long term rates in Nigeria. The choice of the scope of …
Persistent link: https://www.econbiz.de/10010943319
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Monetary Policy in Hybrid Regimes: The Case of Kazakhstan
Epstein, Natan P.; Portillo, Rafael - International Monetary Fund (IMF) - 2014
This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing inflation in the context of a managed exchange rate regime. Over the past two years, the central bank has taken steps to enhance its ability to regulate liquidity in the financial...
Persistent link: https://www.econbiz.de/10011142107
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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
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To Cut or Not to Cut? That is the (Central Bank’s) Question In Search of the Neutral Interest Rate in Latin America
Magud, Nicolas E.; Tsounta, Evridiki - International Monetary Fund (IMF) - 2012
This paper estimates neutral real interest rate (NRIR) ranges for 10 Latin American countries that either have full-fledged inflation targeting regimes in place or have recently adopted them, using an array of methodologies commonly used in the literature. We find that NRIRs have declined in the...
Persistent link: https://www.econbiz.de/10011142184
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The Effects of Unconventional Monetary Policies on Bank Soundness
Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...
Persistent link: https://www.econbiz.de/10011142163
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Getting to Know GIMF; The Simulation Properties of the Global Integrated Monetary and Fiscal Model
Anderson, Derek; Hunt, Ben; Kortelainen, Mika; Kumhof, … - International Monetary Fund (IMF) - 2013
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s...
Persistent link: https://www.econbiz.de/10011242434
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Zwei Indikatoren zur Beurteilung der Geldpolitik der EZB
Nierhaus, Wolfgang - In: Ifo Schnelldienst 54 (2001) 05, pp. 47-49
Zur Beurteilung der Wirkungen der Geldpolitik der EZB sind in den neunziger Jahren verschiedene Indikatoren entwickelt … worden. Im diesem Beitrag wurden aus dieser Gruppe zwei besonders prominente Indikatoren, der Taylor-Zins und der Monetary …
Persistent link: https://www.econbiz.de/10005014382
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Zinserhöhung der EZB: Wie groß ist die Inflationsgefahr?
Mayer, Thomas; Schmieding, Holger; Jäger-Ambrozewicz, … - In: Ifo Schnelldienst 64 (2011) 14, pp. 03-26
werden. Es wäre somit wünschenswert, wenn die EZB ihre begonnene restriktive Geldpolitik fortsetzen würde. Hans Wolfgang …
Persistent link: https://www.econbiz.de/10009293497
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Switzerland; Selected Issues Paper
International Monetary Fund (IMF); International … - 2013
The Selected Issue Paper discusses the Swiss National Bank’s (SNB) balance sheet risks and policy implications. Despite increased profit allocations, SNB capital has not kept pace with its growing balance sheet. The paper also explores the empirical determinants of pressures on the Swiss...
Persistent link: https://www.econbiz.de/10011244196
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Vietnam; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
This 2012 Article IV Consultation focuses on the financial sector and macroeconomic situation in Vietnam. The authorities adopted a stabilization package in February 2011 in response to increasing pressures on prices and the exchange rate in late 2010. Executive Directors commended the...
Persistent link: https://www.econbiz.de/10011244579