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predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental … inflation, if the forecasting equations are based on measures of excess liquidity. …
Persistent link: https://www.econbiz.de/10011374304
developments should be monitored closely and monetary policy tightened further should inflation pressures increase. The …
Persistent link: https://www.econbiz.de/10011244639
Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to …
Persistent link: https://www.econbiz.de/10011244982
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
associated with lower inflation, a greater number of banks, and greater public ownership of banks. Higher deposit interest rates …
Persistent link: https://www.econbiz.de/10005264076
This paper analyses the prudential liquidity management framework, in particular the quantitative indicators employed by the central bank of Rwanda in response to the domestic liquidity crisis in 2008/09. It emphasises that the quantitative methods used in the monitoring and assessment of...
Persistent link: https://www.econbiz.de/10009650624
This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are...
Persistent link: https://www.econbiz.de/10009654145
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914
Persistent link: https://www.econbiz.de/10013536406
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823