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Appendix I. Measurement and Accounting Issues

Appendix I. Measurement and Accounting Issues »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

Various problems that arise in defining QFA, and in measuring the quasi-fiscal component of the operations of central banks and other PFIs, were briefly discussed in the text, as were the difficulties that c...

Appendix II Varieties of Country Experience

Appendix II Varieties of Country Experience »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

This appendix describes a variety of QFAs that have been practiced in IMF member countries. Its intent is to give a flavor of the many forms that such practices can take; the countries whose experience is ci...

Appendix III Five Country Case Studies

Appendix III Five Country Case Studies »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

Uruguay The history of QFA in the central bank and certain other PFIs since the early 1970s 50 can be divided roughly into three periods: the first,...

Disinflation in Transition
			: 1993-97

Disinflation in Transition : 1993-97 »

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

DOI: http://dx.doi.org/10.5089/9781557757975.084

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countri...

Back Matter

Back Matter »

Source: Disinflation in Transition : 1993-97

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countri...

Front Matter

Front Matter »

Source: Disinflation in Transition : 1993-97

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countri...

I Executive Summary

I Executive Summary »

Source: The Role of the Exchange Rate in Inflation-Targeting Emerging Economies : Targeting Emerging Economies

Series: Occasional Papers

Author(s): Anna Nordstrom , Scott Roger , Mark Stone , Seiichi Shimizu , Turgut Kisinbay , and Jorge Restrepo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 2009

ISBN: 9781589067967

Keywords: Developing countries, Central bank role, Emerging markets, Exchange rates, Inflation targeting, exchange rate, foreign exchange, inflation, monetary policy

The exchange rate plays a more important role in monetary policy for emerging economies that have adopted inflation targeting than for their advanced economy counterparts. Inflation-targeting emerging econom...

I Introduction

I Introduction »

Source: Disinflation in Transition : 1993-97

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

Almost all transition countries experienced an initial spike in inflation at the outset of the reform process as price controls were removed. The speed of the subsequent disinflations, however, varied marked...

I Overview

I Overview »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

Central banks and other public financial institutions (PFIs) play an important role as agents of fiscal policy in many IMF member countries. Their activities in this guise can affect the overall public secto...

II Basic Issues

II Basic Issues »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

In many countries, some of the activities in which central banks and PFIs engage, as well as some of the regulatory requirements of central banks, can be said to take on a fiscal character. These quasi-fisca...