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Building Supervisory Structures in Sub-Saharan Africa

Building Supervisory Structures in Sub-Saharan Africa »

Source: Building Supervisory Structures in Sub-Saharan Africa : An Analytical Framework

Volume/Issue: 2007/18

Series: IMF Working Papers

Author(s): Marc Quintyn , and Michael Taylor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2007

ISBN: 9781451865820

Keywords: financial development, and financial regulation, central bank, monetary fund, monetary policy, reserve bank, central banks,

Current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel sup...

Central Bank Balances and Reserve Requirements

Central Bank Balances and Reserve Requirements »

Source: Central Bank Balances and Reserve Requirements

Volume/Issue: 2011/36

Series: IMF Working Papers

Author(s): Simon Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455217908

Keywords: central bank, monetary control, remuneration of reserves, central banks, domestic currency, liquidity management,

Most central banks oblige depository institutions to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank. The role of these reserve requirements has evolved si...

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 Bank Independence and the Conduct of Monetary Policy in the United Kingdom

Central Bank Independence and the Conduct of Monetary Policy in the United Kingdom »

Source: Central Bank Independence and the Conduct of Monetary Policy in the United Kingdom

Volume/Issue: 1999/170

Series: IMF Working Papers

Author(s): Hossein Samiei , and Jan Martijn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451858402

Keywords: Inflation targeting, central bank independence, inflation, central bank, inflation target

The U.K. monetary policy framework, which combines inflation targeting with operational independence, provides a suitable arrangement for focused and credible monetary policy. However, potential weaknesses could re...

Central Bank Independence and the Design of Fiscal Institutions

Central Bank Independence and the Design of Fiscal Institutions »

Source: Central Bank Independence and the Design of Fiscal Institutions

Volume/Issue: 2001/205

Series: IMF Working Papers

Author(s): Francesca Castellani , and Xavier Debrun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451874556

Keywords: policy mix, linear and quadratic contracts with targets., inflation, central bank, taxation, Linear And Quadratic Contracts With Targets,

We study the desirability of reforming fiscal institutions along with the delegation of monetary policy to an independent central...

Central Bank Response to the 2007-08 Financial Market Turbulence

Central Bank Response to the 2007-08 Financial Market Turbulence »

Source: Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn

Volume/Issue: 2008/210

Series: IMF Working Papers

Author(s): Peter Stella , Seiichi Shimizu , Simon Gray , Ulrich Klueh , and Alexandre Chailloux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870688

Keywords: Central bank, collateral, credit, pricing,

The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through...

Central Bank Vulnerability and the Credibility of Commitments

Central Bank Vulnerability and the Credibility of Commitments »

Source: Central Bank Vulnerability and the Credibility of Commitments : A Value-at-Risk Approach to Currency Crises

Volume/Issue: 1998/65

Series: IMF Working Papers

Author(s): Liliana Schumacher , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451962659

Keywords: Central banking, financial vulnerability, value at risk, currency crises, central bank, domestic currency, foreign debt

A loss of solvency increases central bank vulnerability, reducing the credibility of commitments to defend a nominal regime, including an exchange rate peg. This paper develops a methodology to assess central bank...

Central Banking Without Central Bank Money

Central Banking Without Central Bank Money »

Source: Central Banking Without Central Bank Money

Volume/Issue: 1999/92

Series: IMF Working Papers

Author(s): Alain Ize , Arto Kovanen , and Timo Henckel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

ISBN: 9781451851571

Keywords: Monetary operations, payments system, inflation targeting, central bank, central banks, monetary policy, money market

Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusse...

Clarity of Central Bank Communication About Inflation

Clarity of Central Bank Communication About Inflation »

Source: Clarity of Central Bank Communication About Inflation

Volume/Issue: 2012/9

Series: IMF Working Papers

Author(s): Ales Bulir , David-Jan Jansen , and Martin Cihak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931148

Keywords: communication, clarity, central bank, inflation target,

This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the clarity of communicat...

Collateral and Monetary Policy

Collateral and Monetary Policy »

Source: Collateral and Monetary Policy

Volume/Issue: 2013/186

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

ISBN: 9781484384916

Keywords: velocity of collateral, IS/LM, quantitative easing, repo rate, central bank, hedge, financial markets, Government Policy and Regulation, Government Policy and Regulation, International Monetary Arrangements and Institutions

Financial lubrication in markets is indifferent to margin posting via money or collateral; the relative price(s) of money and collateral matter. Some central banks are now a major player in the collateral markets....