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Interest Rate Policy in Central and Eastern Europe

Interest Rate Policy in Central and Eastern Europe »

Source: Interest Rate Policy in Central and Eastern Europe : The Influence of Monetary Overhangs and Weak Enterprise Discipline

Volume/Issue: 1992/68

Series: IMF Working Papers

Author(s): Susan Schadler , and Adam Bennett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1992

ISBN: 9781451848946

Keywords: interest rates, nominal interest rates, real interest rates, nominal interest rate

Interest rate policy in the newly reforming Central and Eastern European countries has generally been geared toward establishing positive real interest rates and defending the exchange rate. The principal instrumen...

Additional Evidenceon Ems Interest Rate Linkages

Additional Evidenceon Ems Interest Rate Linkages »

Source: Additional Evidenceon Ems Interest Rate Linkages

Volume/Issue: 1996/115

Series: IMF Working Papers

Author(s): John Thornton , and Alicia García-Herrero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

ISBN: 9781451942941

Keywords: interest rates, cointegration, statistics, granger causality, equation

This note examines interest rate linkages within the EMS. Cointegration tests suggest the existence of a long-run equilibrium relationship between German and other EMS interest rates. Bivariate VAR analysis finds t...

Issues in Interest Rate Management and Liberalization1/

Issues in Interest Rate Management and Liberalization1/ »

Source: Issues in Interest Rate Management and Liberalization

Volume/Issue: 1990/12

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

ISBN: 9781451925333

Keywords: interest rates, interest rate liberalization, money market, financial markets, financial intermediaries

This paper discusses the transition strategy from administratively set interest rates to market rates. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as re...

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...

An Oil and Gas Model

An Oil and Gas Model »

Source: An Oil and Gas Model

Volume/Issue: 2007/135

Series: IMF Working Papers

Author(s): Noureddine Krichene

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

ISBN: 9781451866995

Keywords: elasticity, exchange rate, impulse response, interest rate, multiplier, gas, oil and gas, oil demand,

This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to...

Fiscal Policy and Interest Rates

Fiscal Policy and Interest Rates »

Source: Fiscal Policy and Interest Rates : How Sustainable Is The 'New Economy'?

Volume/Issue: 2006/112

Series: IMF Working Papers

Author(s): Manmohan Kumar , and David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

ISBN: 9781451863727

Keywords: international reserves, inflation, long-term interest rates, monetary fund, monetary policy

This paper explores the determinants of long-term government bond yields in the Group of Seven (G-7) economies and analyzes the factors that could explain the conundrum of very low rates in the face of a variety of...

From West to East

From West to East »

Source: From West to East : Estimating External Spillovers to Australia and New Zealand

Volume/Issue: 2011/120

Series: IMF Working Papers

Author(s): Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

ISBN: 9781455262434

Keywords: business cyles, sample period, small sample, statistically significant, interest rates, International Policy Coordination and Transmission,

This paper examines the size and source of external spillovers to Australia and New Zealand based on a structural vector autoregression (VAR) approach. It finds that during the last decade shocks from emerging Asia...

Global Liquidity and Asset Prices

Global Liquidity and Asset Prices »

Source: Global Liquidity and Asset Prices : Measurement, Implications, and Spillovers

Volume/Issue: 1999/168

Series: IMF Working Papers

Author(s): Klaas Baks , and Charles Kramer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451858242

Keywords: Liquidity, money growth, international spillovers, monetary policy, real interest rates, monetary aggregates

Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that excess liquidity in one financial center can influence f...

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...

Does the Business Environment Affect Corporate Investment in India?

Does the Business Environment Affect Corporate Investment in India? »

Source: Does the Business Environment Affect Corporate Investment in India?

Volume/Issue: 2012/70

Series: IMF Working Papers

Author(s): Kiichi Tokuoka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781463939069

Keywords: Business environment, Costs of doing business, inflation, gdp growth, inflation rate, real gdp, real interest rate, Asia and Pacific Department, Production and Organizations: General,

Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over...