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Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy

Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy »

Source: Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy

Volume/Issue: 1997/124

Series: IMF Working Papers

Author(s): Alicia García-Herrero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451854688

Keywords: banking, banking crisis, inflation, banking system, central bank

The experiences of seven countries that have undergone banking crises show that crises have significant implications for the short-run stability of the demand for money, the money multiplier, the transmission mecha...

Liquid Asset Ratios and Financial Sector Reform

Liquid Asset Ratios and Financial Sector Reform »

Source: Liquid Asset Ratios and Financial Sector Reform

Volume/Issue: 1997/144

Series: IMF Working Papers

Author(s): Anne Gulde

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451856408

Keywords: Banks, Banking Regulation, Central Bank Policy, liquid asset, banking, reserve requirement, financial sector, bonds

As a monetary, selective credit, and government debt-management instrument, a liquid asset ratio is generally inefficient and may introduce serious distortions. However, it may play a limited role as a prudential i...

Systemic Liquidity Management in the U.A.E.

Systemic Liquidity Management in the U.A.E. »

Source: Systemic Liquidity Management in the U.A.E. : Issues and Options

Volume/Issue: 2009/261

Series: IMF Working Papers

Author(s): Alexandre Chailloux , and Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874068

Keywords: U.A.E., central bank, banking, money market, U.a.e,

The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second h...

Dollarization in Cambodia

Dollarization in Cambodia »

Source: Dollarization in Cambodia : Causes and Policy Implications

Volume/Issue: 2011/49

Series: IMF Working Papers

Author(s): Nombulelo Duma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218936

Keywords: seigniorage, foreign currency, monetary policy, inflation, macroeconomic stability, Central Banking, And The Supply Of Money And Credit,

Over the past decade, Cambodia has become Asia's most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable. Somewhat paradoxica...

Currency Crises and the Real Economy

Currency Crises and the Real Economy »

Source: Currency Crises and the Real Economy : The Role of Banks

Volume/Issue: 2001/49

Series: IMF Working Papers

Author(s): Piti Disyatat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451846843

Keywords: currency crisis, foreign currency debt, balance sheet, banking, balance sheet effect, banking sector, currency crises, Financial Markets and the Macroeconomy, Monetary Policy, Central Banking

This paper shows that the quality of banks within each country is one of the important factors that can account for the fact that developing economies tend to suffer more severe output contractions in the wake of a...

The Fear of Freedom

The Fear of Freedom »

Source: The Fear of Freedom : Politicians and the Independence and Accountability of Financial Sector Supervisors

Volume/Issue: 2007/25

Series: IMF Working Papers

Author(s): Michael Taylor , Marc Quintyn , and Silvia Ramirez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

ISBN: 9781451865899

Keywords: financial regulation, agency independence, public administration accountability, banking, banking supervision, supervisory agency, central banking, Financial Institutions and Services: Government Policy and Regulation, Public Economics: Miscellaneous Issues: Other, Economics of Regulation,

Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of...

Optimal Liquidity and Economic Stability

Optimal Liquidity and Economic Stability »

Source: Optimal Liquidity and Economic Stability

Volume/Issue: 2012/135

Series: IMF Working Papers

Author(s): Linghui Han , and Il Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503883

Keywords: financial assets, financial sector, monetary aggregate, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Dynamic Panel,

Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In...

Currency Crises and Foreign Reserves

Currency Crises and Foreign Reserves »

Source: Currency Crises and Foreign Reserves : A Simple Model

Volume/Issue: 2001/18

Series: IMF Working Papers

Author(s): Piti Disyatat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2001

ISBN: 9781451843644

Keywords: Currency Crisis, Speculative Attacks, Borrowing Reserves, capital controls, external borrowing, central bank, domestic currency, Monetary Policy, Central Banking, and the Supply of Money and Credit: General

This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is presented in which th...

Exchange Rate Pass-Through Over the Business Cycle in Singapore

Exchange Rate Pass-Through Over the Business Cycle in Singapore »

Source: Exchange Rate Pass-Through Over the Business Cycle in Singapore

Volume/Issue: 2011/141

Series: IMF Working Papers

Author(s): Siang Tan , Joey Chew , and Sam Ouliaris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455266425

Keywords: exchange rate, business cycle, consumer price index, output gap, monetary policy, Business Fluctuations, And Cycles, Central Banking, And The Supply Of Money And Credit, international Finance

This paper investigates exchange rate pass-through in Singapore using band-pass spectral regression techniques, allowing for asymmetric effects over the business cycle. First stage pass-through is estimated to be c...

Macroeconomic Adjustment in a Highly Dollarized Economy

Macroeconomic Adjustment in a Highly Dollarized Economy »

Source: Macroeconomic Adjustment in a Highly Dollarized Economy : The Case of Cambodia

Volume/Issue: 2002/92

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2002

ISBN: 9781451851601

Keywords: foreign currency, inflation, monetary policy, high inflation, Multiple or Simultaneous Equation Models: General, Central Banking, and the Supply of Money and Credit: General, Co-currency Circulation, Kalman Filter, Currency Board Arrangement,

Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we atte...