policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy … implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is … quantitative evaluation of the relationship between measures of central bank financial strength and policy performance, in …

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last … a member-specific shock, as such lending may endanger the stability of the currency board (by lowering the central bank … members have a vested interest in liquidity supply from the central bank. A key policy recommendation is that currency union …

suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements … of liquidity provision; and (iv) central bank cooperation to facilitate the use of cross-border collateral. Flexible use …

The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case … of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about … available. We also find that the additional information contained in the ECB's Monthly Bulletins helps to improve communication …

policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy … implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is … quantitative evaluation of the relationship between measures of central bank financial strength and policy pe …

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last … a member-specific shock, as such lending may endanger the stability of the currency board (by lowering the central bank …

outside of the central bank, and the twin-peaks model, with a systemic risk regulator (central bank) on the one hand and a …

monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and … Capital Markets Department of the IMF. We offer an overview of the information contained in the database in the form of …, emerging market and developed countries). The main trend that can be identified from the database information …

The Central Bank of Jordan (CBJ) and its operational independence changed over time in line with the evolution of the …