Systemic Liquidity Management in the 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 half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks through end-2008, the paper emphasizes the importance of making available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more comprehensive set of liquidity risk indicators. As regards the former, the paper discusses the merits and scope for the U.A.E

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Year of publication:	2009
Authors:	Chailloux, Alexandre
Other Persons:	Hakura, Dalia S. (contributor)
Publisher:	Washington : International Monetary Fund
Subject:	Liquidität \| Liquidity \| Bankenliquidität \| Bank liquidity \| Geldpolitik \| Monetary policy \| Theorie \| Theory

Extent:	Online-Ressource (55 p)
Series:	IMF Working Papers ; v.Working Paper No. 09/261 IMF working paper ; WP/09/261
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Recent Economic Developments; III. The Global Financial Crisis and the Initial Response; IV. An Analysis of the U.A.E.'s Liquidity Management Framework; A. Analyzing Systemic Liquidity Management; B. Analyzing the Systemic Liquidity Management Framework: the Case of the U.A.E; 1. Consumer Price Index; 2. Growth in Credit to the Private Sector; 3. GCC: Bank Claims on the Private Sector, 2007; 4. Banking System Loans-to-Deposits Ratio 2003-2008; 5. Three-month Interbank Rates, January 1, 2007-March 4, 2009 6. Selected U.A.E. Banks Loan to Deposit Ratios, 2007 and 20087. Certificates of Deposit; 8. Banking System Liquid Assets to Total Assets; V. Assessment of the CBU and MOF Contingency Liquidity Instruments and Liquidity Risk Monitoring; VI. The Link Between U.A.E. Banks' Lending Rates and Liquidity Indicators; 1. Trends in U.A.E. Banking Indicators; 2. Effects of the liquidity Indicators on Bank Lending Rates; VII. Managing Liquidity Smoothly Across The Cycle While Supporting Market Developments: Amending The CBU Monetary Policy Implementation Framework A. Supporting the Operation of the Money Market: Changing the Features of Sterilization InstrumentsB. Consistency of the Proposed Changes with the Prospects for Future Regional Financial Integration; 1. Data Appendix; References; Footnotes
ISBN:	978-1-4518-7406-8 ; 978-1-4527-2584-0 ; 978-1-4518-7406-8
Source:	ECONIS - Online Catalogue of the ZBW

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