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Bank-By-Bank Credit Ceilings

Bank-By-Bank Credit Ceilings »

Source: Bank-By-Bank Credit Ceilings : Issues and Experiences

Volume/Issue: 1996/63

Series: IMF Working Papers

Author(s): Mitra Farahbaksh , and Gabriel Sensenbrenner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1996

ISBN: 9781451848373

Keywords: monetary control, banking, reserve requirements, central bank, monetary fund

Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, an...

Central Bank Autonomy

Central Bank Autonomy »

Source: Central Bank Autonomy : Lessons from Global Trends

Volume/Issue: 2007/88

Series: IMF Working Papers

Author(s): Bernard Laurens , Martin Sommer , Marco Arnone , and Jean-François Segalotto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866520

Keywords: political autonomy, economic autonomy, central bank, monetary fund,

We calculate indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvement...

Central Bank Boards Around the World

Central Bank Boards Around the World »

Source: Central Bank Boards Around the World : Why Does Membership Size Differ?

Volume/Issue: 2006/281

Series: IMF Working Papers

Author(s): Helge Berger , Tonny Lybek , and Volker Nitsch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865417

Keywords: committee, council, decision making, central bank, monetary fund, inflation,

This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible...

Central Bank Financial Strength, Transparency, and Policy Credibility

Central Bank Financial Strength, Transparency, and Policy Credibility »

Source: Central Bank Financial Strength, Transparency, and Policy Credibility

Volume/Issue: 2002/137

Series: IMF Working Papers

Author(s): Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855920

Keywords: Central bank losses, credibility, central bank, inflation, monetary fund, monetary policy

A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be de...

Central Banking in Central and Eastern Europe

Central Banking in Central and Eastern Europe »

Source: Central Banking in Central and Eastern Europe : Lessons From the Interwar Years' Experience

Volume/Issue: 1994/127

Series: IMF Working Papers

Author(s): Marcello De Cecco

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1994

ISBN: 9781451854954

Keywords: central bank, banking, bank laws, central banking, bankers

This paper examines the philosophies which inspired the institution of central banking in Central and Eastern Europe in the interwar years. Influenced by the Financial Section of the League of Nations, the new cent...

Central Banking in Transition Countries

Central Banking in Transition Countries »

Source: Central Banking in Transition Countries

Volume/Issue: 1998/126

Series: IMF Working Papers

Author(s): Helmut Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451936681

Keywords: Central Banking, Transition Economies, inflation, monetary policy, central bank, inflation targeting, inflation rate

In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transiti...

Currency Boards

Currency Boards »

Source: Currency Boards : The Ultimate Fix?

Volume/Issue: 1998/8

Series: IMF Working Papers

Author(s): Atish Ghosh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

ISBN: 9781451927955

Keywords: Currency Boards, Fixed Exchange Rates, Growth, currency board, exchange rate, central bank, exchange rate regimes

The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a common currency, currency board arrangements represent...

The Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank »

Source: The Eastern Caribbean Central Bank : Challenges to an Effective Lender of Last Resort

Volume/Issue: 2008/214

Series: IMF Working Papers

Author(s): Pablo Druck , and Mario Dehesa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870725

Keywords: Lender of last resort, liquidity assistance, exchange rate risk, veto power, ECCB, central bank, exchange rate, currency boards, currency board

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the the...

The ECB and Euro-Area Enlargement1

The ECB and Euro-Area Enlargement1 »

Source: The ECB and Euro-Area Enlargement

Volume/Issue: 2002/175

Series: IMF Working Papers

Author(s): Helge Berger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2002

ISBN: 9781451858761

Keywords: Economic and Monetary Union (EMU), transition countries, accession countries, inflation, central bank, monetary fund, monetary policy decisions, Models of Political Processes: Rent-seeking, Elections, Legislatures

The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro...

Emergency Liquidity Support Facilities

Emergency Liquidity Support Facilities »

Source: Emergency Liquidity Support Facilities

Volume/Issue: 2000/79

Series: IMF Working Papers

Author(s): Dong He

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2000

ISBN: 9781451850192

Keywords: Lender of Last Resort, Emergency Liquidity Support, central bank, banking, reserve bank, central banks, deposit insurance

This paper discusses operational aspects of official emergency liquidity support to individual institutions under stress. It argues that properly designed lending procedures, clearly laid-out authority and accounta...