Search Results - subject:"Policy implementation"

Monetary Transmission in Low Income Countries

Montiel, Peter; Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2010

This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect...

Persistent link: https://www.econbiz.de/10008671304

Energy efficiency in China: The local bundling of interests and policies

Kostka, Genia; Hobbs, William - Frankfurt School of Finance and Management - 2010

With the end of China's 11th Five-Year Plan approaching, this paper analyzes sub-national governments' implementation strategies to meet national energy efficiency targets. Previous research focuses on the way governance practices and decision-making structures shape implementation outcomes, yet...

Persistent link: https://www.econbiz.de/10008676482

Central Bank Haircut Policy

Chapman, James; Chiu, Jonathan; Molico, Miguel - Bank of Canada - 2010

We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance against downside risk of the collateral. Setting a...

Persistent link: https://www.econbiz.de/10008684432

Rural development policy delivery and governance in Greece

Papadopoulou, Eleni; Christos, Papalexiou; Hasanagas, … - European Association of Agricultural Economists - EAAE - 2010

policy implementation in the third programming period (2000-2006). Case studies have been conducted for selected measures of … involved in the rural development policy implementation. Inflexibility due to centralization, lack of personnel motivation and … inadequacy of the personnel involved in policy implementation are the main weaknesses. Work seasonal overload is also a weakness …

Persistent link: https://www.econbiz.de/10008693196

Bangladesh; 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2010

This 2009 Article IV Consultation highlights that Bangladeshâ€™s external position strengthened considerably in FY2009 and the first four months of FY2010. Strong remittances, resilient exports, and weak imports caused the current account of the balance of payments to record a surplus of...

Persistent link: https://www.econbiz.de/10011242651

Monetary policy implementation and liquidity management of the Czech banking system

Brůna, Karel - In: European financial and accounting journal : EFAJ 5 (2010) 3/4, pp. 15-41

Implementation of monetary policy assumes that monetary policy instruments stabilize O/N interest rates to the proximity of main policy rate to archive monetary targets. The function of stabilizing mechanism is based on simple rule that the volume of liquidity in the banking system is held in...

Persistent link: https://www.econbiz.de/10011459806

On the many ways Europeanization matters: the implementation of the water reform in Italy (1994-2006)

Asquer, Alberto - 2009

The research agenda of Europeanization is currently highly focused on issued related to what accounts for the 'horizontal' interaction between domestic actors and how these actors make use of stimuli originating from the EU. This paper aims to contribute to this line of inquiry through the case...

Persistent link: https://www.econbiz.de/10010266013

Isolating a measure of inflation expectations for the South African financial market using forward interest rates

Reid M. - 2009

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation expectations in South Africa, and offers an additional method,...

Persistent link: https://www.econbiz.de/10009480482

Monetary policy lag, zero lower bound, and inflation targeting

Nishiyama, Shin-ichi - 2009

Although the concept of monetary policy lag has historical roots deep in the monetary economics literature, relatively little attention has been paid to the idea. In this paper, we build on Svensson's (1997) inflation targeting framework by explicitly taking into account the lagged effect of...

Persistent link: https://www.econbiz.de/10010279960

Adopting price-level targeting under imperfect credibility in ToTEM

Cateau, Gino; Kryvtsov, Oleksiy; Shukayev, Malik; … - 2009

Using the Bank of Canada's main projection and policy-analysis model, ToTEM, this paper measures the welfare gains of switching from inflation targeting to price-level targeting under imperfect credibility. Following the policy change, private agents assign a probability to the event that the...

Persistent link: https://www.econbiz.de/10010280035