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Peru : Central Bank Digital Currency Stakeholder Engagement

Ismail, Arif - 2023

An IMF mission visited Peru in June 2023. This mission was the third engagement with the Central Bank of Peru (BCRP) aimed at enhancing staff capacity for engaging directly with key stakeholders on strategic and policy matters regarding Central Bank Digital Currency (CBDC). Building from ongoing...

Persistent link: https://www.econbiz.de/10015058964

Poverty Reduction and Growth Trust-2023 Borrowing Agreements with the Government of Australia, the People's Bank of China, the Bank of Finland, the Banque De France, De Nederlandsc...

International Monetary Fund / Finance Dept - 2023

This paper presents the second set of PRGT borrowing agreements that have been finalized through April 2023 as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust...

Persistent link: https://www.econbiz.de/10015059020

Monetary Policy Transmission Heterogeneity: Cross-Country Evidence

Deb, Pragyan - 2023

This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for … that tightening monetary policy swiftly and negatively impacts economic activity, but the effects on inflation and … inflation expectations takes time to fully materialize. Notably, there exist significant heterogeneities in the transmission of …

Persistent link: https://www.econbiz.de/10015059046

Monetary Policy and Labor Market Gender Gaps

Flamini, Valentina - 2023

We study the effects of monetary policy shocks on employment gender gaps in a panel of 22 countries using quarterly … shocks, narrowing the employment gender gap over time. Two factors contribute to explaining this heterogeneous effect. First …, a larger impact of monetary policy shocks on employment in the industry sector that employs more men. Second, the larger …

Persistent link: https://www.econbiz.de/10015059050

The Zombie Lending Channel of Monetary Policy

Albuquerque, Bruno - 2023

monetary conditions around the world by exploiting the international transmission of US monetary policy shocks. We find that …

Persistent link: https://www.econbiz.de/10015059080

Modeling the Reserve Demand to Facilitate Central Bank Operations

Chen, Zhuohui - 2023

Implementing monetary policy largely consists in controlling short-term interest rates which supposes having a good understanding of banks' demand for liquidity also called "reserves" at the central bank. This work aims to offer a modeling methodology for estimating the demand for reserves that...

Persistent link: https://www.econbiz.de/10015059112

Central Bank Digital Currency's Role in Promoting Financial Inclusion

Lannquist, Ashley - 2023

Financial inclusion is a key policy objective that central banks, especially those in emerging and low-income countries, are considering for retail central bank digital currency (CBDC). If properly designed to address the barriers to financial inclusion, CBDCs have the opportunity to gain...

Persistent link: https://www.econbiz.de/10015059117

Implications of Central Bank Digital Currencies for Monetary Policy Transmission

Das, Mitali - 2023

given monetary policy shock on output, employment, and inflation. In general, the effects of CBDCs on monetary policy …

Persistent link: https://www.econbiz.de/10015059127

Capital Flow Management Measures in the Digital Age (2) : Design Choices for Central Bank Digital Currency

He, Dong - 2023

This fintech note looks at how capital flow measures (CFMs) could be implemented with central bank digital currency (CBDC), and what benefits, risks and complexities could arise. There are several implications of the analysis. First, CBDC ecosystems should generally be designed such that they...

Persistent link: https://www.econbiz.de/10015059129

How Should Central Banks Explore Central Bank Digital Currency?

Soderberg, Gabriel - 2023

Digitalization of the economy provides both challenges and opportunities. Central banks should ensure that they have the capacity to continue to meet their policy objectives in the digital age. It is in this context that central bank digital currency (CBDC) should be evaluated. If designed...

Persistent link: https://www.econbiz.de/10015059130