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The Payment System and Monetary Policy

The Payment System and Monetary Policy »

Volume/Issue: 1998/4

Series: IMF Policy Discussion Papers

Author(s): Omotunde Johnson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

DOI: http://dx.doi.org/10.5089/9781451973389.003

ISBN: 9781451973389

Keywords: Payment systems, Monetary policy, central bank, payment system, central banks, interest rates

Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a give...

The Optimal Level of International Reserves for Emerging Market Countries
			: Formulas and Applications

The Optimal Level of International Reserves for Emerging Market Countries : Formulas and Applications »

Volume/Issue: 2006/229

Series: IMF Working Papers

Author(s): Romain Ranciere , and Olivier Jeanne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

DOI: http://dx.doi.org/10.5089/9781451864892.001

ISBN: 9781451864892

Keywords: Balance of Payments Crises, probability, domestic absorption, calibration, short-term debt, external debt,

We present a model of the optimal level of international reserves for a small open economy that is vulnerable to sudden stops in capital flows. Reserves allow the country to smooth domestic absorption in response t...

The Optimal Level of International Reserves for Emerging Market Countries

The Optimal Level of International Reserves for Emerging Market Countries »

Source: The Optimal Level of International Reserves for Emerging Market Countries : Formulas and Applications

Volume/Issue: 2006/229

Series: IMF Working Papers

Author(s): Romain Ranciere , and Olivier Jeanne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864892

Keywords: Balance of Payments Crises, probability, domestic absorption, calibration, short-term debt, external debt,

We present a model of the optimal level of international reserves for a small open economy that is vulnerable to sudden stops in capital flows. Reserves allow the country to smooth domestic absorption in response t...

The Payment System and Monetary Policy

The Payment System and Monetary Policy »

Source: The Payment System and Monetary Policy

Volume/Issue: 1998/4

Series: IMF Policy Discussion Papers

Author(s): Omotunde Johnson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451973389

Keywords: Payment systems, Monetary policy, central bank, payment system, central banks, interest rates

Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a give...