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France : Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial...

International Monetary Fund - 2005

These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …

Persistent link: https://www.econbiz.de/10014405967

Wealth, Financial Liberalization, and the Demand for Money in Japan

International Monetary Fund - 1989

This paper presents estimates of a demand function for broad money in Japan. The function explains both secular trends in broad money during the 1970s and 1980s and the sharp decline in the income velocity of broad money during 1986-88. The inclusion of wealth and a measure of the return on...

Persistent link: https://www.econbiz.de/10014395815

Indonesia: selected issues

Heenan, Geoffrey; Benedek, Dora; Zhou, Sarah; Chivakul, Mali - 2011

This study estimated Indonesia's potential growth rate and examined its underlying determinants. Implementing a comprehensive program to address key influencing issues can improve the effectiveness of monetary policy, increase financial stability, and support capital market development. This...

Persistent link: https://www.econbiz.de/10009510804

What Drives China's Interbank Market?

International Monetary Fund - 2009

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...

Persistent link: https://www.econbiz.de/10014402462

Improving the Monetary Policy Frameworks in Central America

International Monetary Fund (IMF); International … - 2011

Several Central American (CADR) countries with independent monetary policies are strengthening their monetary frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy frameworks of CADR is key to improving the effectiveness of...

Persistent link: https://www.econbiz.de/10009369451

Czech Republic; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM),...

Persistent link: https://www.econbiz.de/10005591123

Republic of Croatia; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

This Selected Issues and Statistical Appendix paper analyzes monetary transmission in Croatia. The evidence analyzed in this paper supports the view that monetary policy in Croatia is not an effective tool for aggregate demand management. One of the main conclusions is that financial conditions...

Persistent link: https://www.econbiz.de/10005591577

Sri Lanka; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

This paper explores how monetary policy affects other macroeconomic variables, mainly output and inflation. First, it provides an overview of the framework for implementing monetary policy and then discusses the transmission mechanism itself. In this study, the following statistical data are...

Persistent link: https://www.econbiz.de/10005599120

Is Monetary Policy Effective When Credit is Low?

International Monetary Fund (IMF); International … - 2008

Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are...

Persistent link: https://www.econbiz.de/10005605381

Iceland; 2005 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland

International Monetary Fund (IMF); International … - 2005

Icelandâ€™s 2005 Article IV Consultation reports that new projects have rekindled rapid growth and the economy is exhibiting signs of overheating, with imbalances evident in inflation, the current account, and external debt. GDP grew at an average rate of 3.8 percent between 1995 and 2004,...

Persistent link: https://www.econbiz.de/10005825269