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What Drives the POLONIA Spread in Poland?
Lu, Yinqiu - International Monetary Fund (IMF) - 2012
Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP’s open market operations on the short-term interbank rate. In this regard, this paper analyzes the...
Persistent link: https://www.econbiz.de/10011142119
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Assessing the Determinants of Interest Rate Transmission Through Conditional Impulse Response Functions
Saborowski, Christian; Weber, Sebastian - International Monetary Fund (IMF) - 2013
central bank policy rates to retail lending rates in a large country sample. The framework allows deriving country specific …
Persistent link: https://www.econbiz.de/10011123851
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The Macroeconomic Effects of Natural Resource Extraction; Applications to Papua New Guinea
Basu, Suman S; Gottschalk, Jan; Schule, Werner; … - International Monetary Fund (IMF) - 2013
well as an independent central bank and fiscal authority. We calibrate the model to the current economy of Papua New Guinea …-tradable component of government spending. The central bank can offset the real appreciation, but not without crowding out the private …
Persistent link: https://www.econbiz.de/10011242363
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The Policy Interest-Rate Pass-Through in Central America
International Monetary Fund (IMF); International … - 2011
Several Central American (CADR) central banks with independent monetary policies have adopted policy interest rates as …
Persistent link: https://www.econbiz.de/10009369443
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Improving the Monetary Policy Frameworks in Central America
International Monetary Fund (IMF); International … - 2011
Several Central American (CADR) countries with independent monetary policies are strengthening their monetary …
Persistent link: https://www.econbiz.de/10009369451
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873
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Alternatives to the Central Bank in the Developing World
Collyns, Charles - International Monetary Fund (IMF) - 1983
Persistent link: https://www.econbiz.de/10005590912
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Economic Growth and Integration in Central America
Schipke, Alfred; Desruelle, Dominique - International Monetary Fund (IMF) - 2007
Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central … credibility of central banks. …
Persistent link: https://www.econbiz.de/10005590924
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Vanuatu; Background Paper
International Monetary Fund (IMF); International … - 1996
This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands...
Persistent link: https://www.econbiz.de/10005590970
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Moving to Greater Exchange Rate Flexibility; Operational Aspects Based on Lessons from Detailed Country Experiences
Ötker, Inci - International Monetary Fund (IMF) - 2007
Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...
Persistent link: https://www.econbiz.de/10005767365