Browse

You are looking at 1 - 10 of 54 items :

  • IMF Working Papers x
  • Books and Analytical Papers x
  • Keywords: Central banks x
Clear All
Central Bank Independence

Central Bank Independence »

Source: Central Bank Independence : Issues and Experience

Volume/Issue: 1991/58

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

ISBN: 9781451966428

Keywords: central bank, inflation, price stability, monetary policy independence

There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence aga...

Central Banks Quasi-Fiscal Policies and Inflation

Central Banks Quasi-Fiscal Policies and Inflation »

Source: Central Banks Quasi-Fiscal Policies and Inflation

Volume/Issue: 2012/14

Series: IMF Working Papers

Author(s): Seok Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931193

Keywords: Central bank&;amp;#x2019;s balance sheet, Fiscal theory of price level, Quasi-fiscal policy, central bank, fiscal authority,

Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper...

The CFA Franc Zone and the EMU1

The CFA Franc Zone and the EMU1 »

Source: The CFA Franc Zone and the EMU

Volume/Issue: 1997/156

Series: IMF Working Papers

Author(s): Michel Galy , and Michael Hadjimichael

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451857368

Keywords: Monetary Union, Optimum Currency Areas, CFA Franc Zone, EMU, exchange rate, monetary fund, central bank, effective exchange rate

Whether the prospective shift of the peg of the CFA franc to the euro would constitute an exchange rate arrangement with EMU countries would depend critically on the interpretation of the free convertibility of the...

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition »

Source: The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition : Issues and Lessons From Experience

Volume/Issue: 1994/148

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1994

ISBN: 9781451856774

Keywords: central bank, debt management, government securities, monetary management, central banks

In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls...

Coordination of Monetary and Fiscal Policies1

Coordination of Monetary and Fiscal Policies1 »

Source: Coordination of Monetary and Fiscal Policies

Volume/Issue: 1998/25

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451844238

Keywords: Coordination, central bank, debt management, public debt, public debt management

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allow...

Credibility. Capital Controls, and the EMS

Credibility. Capital Controls, and the EMS »

Source: Credibility. Capital Controls, and the EMS

Volume/Issue: 1989/9

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

ISBN: 9781451927030

Keywords: inflation, monetary policy, money supply, central bank, monetary shock

A common rationale for EMS membership is that it enhances the credibility of a central bank’s commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the sys...

The Currency Composition of Foreign Exchange Reserves

The Currency Composition of Foreign Exchange Reserves »

Source: The Currency Composition of Foreign Exchange Reserves : Retrospect and Prospect

Volume/Issue: 2000/131

Series: IMF Working Papers

Author(s): Barry Eichengreen , and Donald Mathieson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855272

Keywords: International reserves, currency composition, foreign exchange, central banks, exchange reserves

This paper examines the determinants of the currency composition of international reserves. Our single most important finding is the striking stability over time of the relationship between the demand for reserves...

The Design of EMU

The Design of EMU »

Source: The Design of EMU

Volume/Issue: 1997/99

Series: IMF Working Papers

Author(s): David Begg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1997

ISBN: 9781451852233

Keywords: European Monetary Union, credibility, asymmetric shocks, inflation, monetary policy, central bank, price stability, monetary union

Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implicati...

Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Source: Exchange Rate Choices of Microstates

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Forecasting ECB Monetary Policy

Forecasting ECB Monetary Policy »

Source: Forecasting ECB Monetary Policy : Accuracy is (Still) a Matter of Geography

Volume/Issue: 2006/41

Series: IMF Working Papers

Author(s): Michael Ehrmann , Marcel Fratzscher , and Helge Berger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

ISBN: 9781451863017

Keywords: ECB, forecast, geography, history, heterogeneity, Taylor rule, learning, transmission, survey data, communication

Monetary policy in the euro area is conducted within a multicountry, multicultural, and multilingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic...