VI Scope for Monetary Policy Independence in Oman
Author:
Mr. Khaled Sakr
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Language:
English
Print Publication Date:
24 Nov 1999
Keywords:
OP; GDP; interest rate; investment; Oman; price; monetary policy independence; interest rate differential; administered interest rate; Omani monetary policy; interest rate behavior; Monetary policy frameworks; Arbitrage; Conventional peg; Exchange rate arrangements

Abstract

As part of its effort to facilitate diversification and enhance resource allocation, the government of Oman has been reforming the financial sector to enhance its ability to efficiently contribute to the objectives of diversification and more rapid growth. This desirable reform, however, has important implications for monetary policy, in particular with regard to the scope of its independence. This section provides empirical evidence on the degree of monetary independence in Oman during the past decade, analyzes the factors that influenced this independence, and examines the scope for such independence at present and in the immediate future.

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Cover Oman Beyond the Oil Horizon
Oman Beyond the Oil Horizon
Policies Toward Sustainable Growth
ISBN:
9781557758330
ISSN:
0251-6365
Publication Date:
24 Nov 1999
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758330.084
Pages:
67

  • Heller, P., Richard Haas, and Ahsan Mansur, 1986, A Review of the Fiscal Impulse Measure, IMF Occasional Paper 44 (Washington: International Monetary Fund).

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