Similar Search Results

James, Harold - 2024

The book explores the Fund's engagement in Europe in the aftermath of the 2008 global financial crisis, and especially after 2010. It explains how, why, and with what consequences the International Monetary Fund-along with the European Central Bank and the European Commission (together known as...

Persistent link: https://www.econbiz.de/10015059709

Morocco : Central Bank Transparency Code Review

International Monetary Fund / Monetary and Capital … - 2022

The Bank Al-Maghrib (BAM) has implemented expanded and comprehensive transparency practices in a number of areas, notably related to the primary mandate of price stability and the shared mandate of financial stability. This reflects the BAM's public commitment to transparency anchored in the new...

Persistent link: https://www.econbiz.de/10015059882

Monetary Policy and Credit Card Spending

Grigoli, Francesco - 2022

We analyze the impact of monetary policy on consumer spending using credit card data. Because of their high frequency, these data improve identification and allow for a precise characterization of the transmission lags. We find that shocks to short-term interest rates affect spending much more...

Persistent link: https://www.econbiz.de/10015059900

Central Bank Balance Sheet Expansion in a Dollarized Economy: The Case of Ecuador

Erraez, Juan-Pablo - 2022

A textbook argument in favor of adopting another country's legal tender is that it imposes strong constraints on money creation and therefore fiscal dominance. In Ecuador, an officially dollarized economy since January 2000, a series of accounting practices and subsequent changes in legislations...

Persistent link: https://www.econbiz.de/10015059941

Mozambique : First Review under the Three-Year Arrangement under the Extended Credit Facility, and Request for Modification of the Monetary Policy Consultation Clause, and Financin...

International Monetary Fund / African Dept - 2022

pushed inflation to double digits. Monetary policy has been proactive, including a further 200bps increase in the policy rate …

Persistent link: https://www.econbiz.de/10015059942

Why Follow the Fed? Monetary Policy in Times of US Tightening

Huertas, Gonzalo - 2022

inflation to preventing capital outflows …

Persistent link: https://www.econbiz.de/10015059958

Costa Rica : Third Review Under the Extended Arrangement Under the Extended Fund Facility, Request for an Arrangement Under the Resilience and Sustainability Facility, Request for...

International Monetary Fund / Western Hemisphere Dept - 2022

The new administration, which came into office in May 2022, has had to confront the aftermath of a cyberattack on several government systems as well as the impact of the commodity price shock, slowing trading partner growth, and tightening financial conditions. After a strong rebound in 2021,...

Persistent link: https://www.econbiz.de/10015059967

Managing Guyana's Oil Wealth: Monetary and Exchange Rate Policy Considerations

Bhattacharya, Rina - 2022

International oil producers have discovered commercially recoverable petroleum reserves of around 11 billion barrels that promise to transform Guyana's agricultural and mining economy into an oil powerhouse, while hopefully helping to diversify the non-oil economy. Oil production presents a...

Persistent link: https://www.econbiz.de/10015059974

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 …

Persistent link: https://www.econbiz.de/10015060012

Do Actions Speak Louder Than Words? Assessing the Effects of Inflation Targeting Track Records on Macroeconomic Performance

Zhang, Zhongxia - 2022

Inflation Targeting (IT) has become a prevalent monetary policy framework in the past three decades, as more central … countries and emerging markets economies, this paper evaluates the effects of inflation targeting countries' track records on … their macroeconomic performance, measured by real GDP growth and CPI inflation. This paper constructs three novel inflation …

Persistent link: https://www.econbiz.de/10015060017