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Issues in Central Bank Finance and Independence

Issues in Central Bank Finance and Independence »

Source: Issues in Central Bank Finance and Independence

Volume/Issue: 2008/37

Series: IMF Working Papers

Author(s): Åke Lönnberg , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451868999

Keywords: central bank, national bank, reserve bank, inflation

Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular monetary liabilities and sometimes foreign reserves. The canonical model of an "independent" cent...

Global Shocks and their Impacton Low-Income Countries

Global Shocks and their Impacton Low-Income Countries »

Source: Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis

Volume/Issue: 2011/27

Series: IMF Working Papers

Author(s): Chris Papageorgiou , Hans Weisfeld , Catherine Pattillo , Martin Schindler , Nicola Spatafora , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455216741

Keywords: Global financial crisis, Low-income countries, Short-run growth, terms of trade, regression analysis, output growth, exchange rate regime, Macroeconomic Aspects of International Trade and Finance: General, Economic Growth and Aggregate Productivity: General,

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs...