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Lönnberg, Åke; Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2010

This paper identifies key aspects that countries willing to officially dollarize must necessarily address. Based on country experiences, it discusses the critical institutional bases that are necessary to unilaterally introduce a new legal tender, describes the relevant operational issues to...

Persistent link: https://www.econbiz.de/10008533236

Reversing the Financial Accelerator; Credit Conditions and Macro-Financial Linkages

Bayoumi, Tamim; Darius, Reginald - International Monetary Fund (IMF) - 2011

This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explores the relative predictive power of market variables compared to credit...

Persistent link: https://www.econbiz.de/10008839345

Forecasting Inflation in Sudan

Moriyama, Kenji; Naseer, Abdul - International Monetary Fund (IMF) - 2009

This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and … by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during … indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for …

Persistent link: https://www.econbiz.de/10008528630

Rwanda; Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director f...

International Monetary Fund (IMF); International … - 2012

This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) in Rwanda. Program performance was broadly satisfactory. All end-June quantitative assessment criteria were met. Structural benchmarks were partially met as the pace of implementation of structural...

Persistent link: https://www.econbiz.de/10011244254

Indonesia; Detailed Assessment of Observance of IMF Code of Good Practices on Transparency in Monetary and Financial Policies

International Monetary Fund (IMF); International … - 2012

policy, with much progress having been made over the last decade. The paper highlights that the adoption of an inflation …

Persistent link: https://www.econbiz.de/10011244992

Democratic Republic of São Tomé and Príncipe; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; and Press Release on the...

International Monetary Fund (IMF); International … - 2006

In 2005, the overall macroeconomic performance was broadly satisfactory, notwithstanding an increase in inflation. All … airport and seaport authorities are being addressed. Economic performance in 2005 was broadly satisfactory, although inflation …

Persistent link: https://www.econbiz.de/10011245375

Monetary Policy Implementation at Different Stages of Market Development

Laurens, Bernard - International Monetary Fund (IMF) - 2005

The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and...

Persistent link: https://www.econbiz.de/10005252522

A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism; How Does the Central Bank's REPO Rate Affect the Economy?

Cheng, Kevin C. - International Monetary Fund (IMF) - 2006

This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997â€“2005. Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the...

Persistent link: https://www.econbiz.de/10005263733

Tonga; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2003

This Selected Issues paper and Statistical Appendix reviews the past conduct of monetary policy of Tonga. The paper considers the problems in the current system and discusses the policy options available to the authorities. It reviews Tongaâ€™s exchange rate policy and explores its...

Persistent link: https://www.econbiz.de/10005825242

Can a Rule-Based Monetary Policy Framework Work in a Developing Country? the Case of Yemen

Elekdag, Selim; Ltaifa, Nabil Ben; Schneider, Todd; … - International Monetary Fund (IMF) - 2007

been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper … are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term. …

Persistent link: https://www.econbiz.de/10005825743