Showing 1 - 10 of 76
Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and Capital Markets Department of the IMF. We offer an...
Persistent link: https://www.econbiz.de/10014400360
Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and Capital Markets Department of the IMF. We offer an...
Persistent link: https://www.econbiz.de/10005605113
Persistent link: https://www.econbiz.de/10003424423
Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and Capital Markets Department of the IMF. We offer an...
Persistent link: https://www.econbiz.de/10012777900
This paper presents an integrated framework for assessing systemic risk. The framework models banks’ capital asset ratios as a function of future losses and credit growth using a generalized method of moments to calibrate shocks to credit quality and credit growth. The analysis is complemented...
Persistent link: https://www.econbiz.de/10014396595
We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy''s response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather...
Persistent link: https://www.econbiz.de/10014400271
Die vorliegende Studie schließt an unsere vorangegangene Untersuchung "Bankdienstleistungen in afrikanischen Ländern südlich der Sahara - Herausforderungen und Chancen" aus dem Jahr 2013 an. Ihr Ziel ist es, über die jüngsten Entwicklungen und Trends im Bankensektor in Subsahara-Afrika zu...
Persistent link: https://www.econbiz.de/10011689413
How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses elements for building a comprehensive platform for an inflation forecasting framework. It describes the exercise of forecasting inflation as a production process, which induces a...
Persistent link: https://www.econbiz.de/10005435792
The shift to an inflation targeting regime has contributed to the relatively low inflation observed in some emerging market economies even where, as noted by many economists, the preconditions for successful implementation were not in place. The existence of managed exchange rate regimes, a...
Persistent link: https://www.econbiz.de/10005435804
We document banking system instability arising from a combination of fractional reserve requirements, deposit insurance and moral hazard by presenting several episodes of severe banking distress and crises in Asia. Following a framework of functional perspective suggested by Merton and Bodie...
Persistent link: https://www.econbiz.de/10011098508