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Toward a Framework for Systemic Liquidity Policy

Toward a Framework for Systemic Liquidity Policy »

Volume/Issue: 2000/34

Series: IMF Working Papers

Author(s): J. Hobbs , Claudia Dziobek , and Dewitt Marston

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

DOI: http://dx.doi.org/10.5089/9781451845259.001

ISBN: 9781451845259

Keywords: Financial architecture, liquidity management, creditor rights, microstructure, banking, central bank, foreign exchange, reserve requirements

International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper explores a framework to assess arrangements for market liquidity and lays out elements of systemic liq...

Inflation Responses to Commodity Price Shocks

Inflation Responses to Commodity Price Shocks »

Source: Inflation Responses to Commodity Price Shocks : How and Why Do Countries Differ?

Volume/Issue: 2012/225

Series: IMF Working Papers

Author(s): R. Gelos , and Yulia Ustyugova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2012

ISBN: 9781475510249

Keywords: pass-through, Phillips curve, central bank, inflationary impact, Open Economy Macroeconomics, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Macroeconomic Policy, Macroeconomic Aspects of Public Finance

This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The an...

Managing Capital Flows

Managing Capital Flows »

Source: Managing Capital Flows : Lessons From the Experience of Chile

Volume/Issue: 1998/168

Series: IMF Working Papers

Author(s): Bernard Laurens , and Jaime Cardoso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451858235

Keywords: capital controls, capital inflows, contagion, reserve requirement, capital flows, central bank

As a result of the Asian crisis, methods of coping with volatile international capital markets have received considerable attention from observers and policymakers. It has been argued that the imposition by Chile o...

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Managing Systemic Liquidity Risk in Financially Dollarized Economies »

Source: Managing Systemic Liquidity Risk in Financially Dollarized Economies

Volume/Issue: 2005/188

Series: IMF Working Papers

Author(s): Eduardo Levy Yeyati , Alain Ize , and Miguel Kiguel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451862072

Keywords: Systemic Liquidity, central bank, banking, banking system, liquid reserves, bank runs,

This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of ava...

Monetary Policy Transmission in Ghana

Monetary Policy Transmission in Ghana »

Source: Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work?

Volume/Issue: 2011/275

Series: IMF Working Papers

Author(s): Arto Kovanen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463925314

Keywords: monetary policy transmission, interest rates, monetary policy, central bank, inflation, money market, Money And Interest Rates,

This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows...

Monetary Transmission in Low Income Countries

Monetary Transmission in Low Income Countries »

Source: Monetary Transmission in Low Income Countries

Volume/Issue: 2010/223

Series: IMF Working Papers

Author(s): Peter Montiel , Antonio Spilimbergo , and Prachi Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2010

ISBN: 9781455208883

Keywords: exchange rate, interest rate, institutions, bank lending, monetary transmission, central bank, government securities, Macroeconomic Analyses of Economic Development,

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 wea...

Toward a Framework for Systemic Liquidity Policy

Toward a Framework for Systemic Liquidity Policy »

Source: Toward a Framework for Systemic Liquidity Policy

Volume/Issue: 2000/34

Series: IMF Working Papers

Author(s): J. Hobbs , Claudia Dziobek , and Dewitt Marston

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

ISBN: 9781451845259

Keywords: Financial architecture, liquidity management, creditor rights, microstructure, banking, central bank, foreign exchange, reserve requirements

International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper explores a framework to assess arrangements for market liquidity and lays out elements of systemic liq...

Why Inflation Targeting?

Why Inflation Targeting? »

Source: Why Inflation Targeting?

Volume/Issue: 2009/86

Series: IMF Working Papers

Author(s): Charles Freedman , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

ISBN: 9781451872330

Keywords: rate of inflation, central bank

This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, i...