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Algeria; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

Algeria remains heavily dependent on the hydrocarbon sector and still maintains a sizable and inefficient state-owned enterprise sector. Against this background, the paper addresses two different issues with important implications for macroeconomic stability in Algeria. The paper proposes the...

Persistent link: https://www.econbiz.de/10005824982

Excess Liquidity and the Effectiveness of Monetary Policy; Evidence From Sub-Saharan Africa

Saxegaard, Magnus - International Monetary Fund (IMF) - 2006

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity...

Persistent link: https://www.econbiz.de/10005826003

Challenges to Monetary Policy From Financial Globalization; The Case of India

Prasad, A.; Kramer, Charles Frederick; Poirson, Hélène - International Monetary Fund (IMF) - 2008

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and...

Persistent link: https://www.econbiz.de/10005826246

Systemic Liquidity Management in the U.A.E.; Issues and Options

Chailloux, Alexandre; Hakura, Dalia - International Monetary Fund (IMF) - 2009

The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks...

Persistent link: https://www.econbiz.de/10008497608

Understanding Inflation Inertia in angola

Kyei, Alexander; Klein, Nir - International Monetary Fund (IMF) - 2009

In recent years, the decline in inflation in Angola has stalled and further steps may be needed to attain the … digit inflation rate. A Vector Error Correction (VEC) model, which analyzes the factors that affect the inflationary process … in Angola, suggests that the inflation path has been largely affected by exchange rate movements. This implies that …

Persistent link: https://www.econbiz.de/10004999957

Economic Policy in a Highly Dollarized Economy; The Case of Cambodia

International Monetary Fund (IMF); International … - 2003

This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of...

Persistent link: https://www.econbiz.de/10005590965

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

Money and Inflation in the Euro Area during the Financial Crisis

Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …

Persistent link: https://www.econbiz.de/10009149130

Money and inflation in the euro area during the financial crisis

Dreger, Christian; Wolters, Jürgen - Wirtschaftswissenschaftliche Fakultät, … - 2011

Persistent link: https://www.econbiz.de/10009149356

Monetary Transmission in Low Income Countries

Montiel, Peter; Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2010

This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect...

Persistent link: https://www.econbiz.de/10008671304