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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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What Drives the POLONIA Spread in Poland?
Lu, Yinqiu - International Monetary Fund (IMF) - 2012
the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP … also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus. …
Persistent link: https://www.econbiz.de/10011142119
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Implementing monetary policy in a fragmented monetary union.
Vari, M. - Banque de France - 2014
requirements, borrow and deposit funds at a central bank. It shows that in the presence of fragmentation, excess liquidity arises …This paper shows how interbank market fragmentation disrupts monetary policy implementation. Fragmentation is defined … as the situation where some banks are cut from the interbank loan market. The paper incorporates fragmentation in an …
Persistent link: https://www.econbiz.de/10011099532
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Toward a Framework for Systemic Liquidity Policy
Hobbs, J. Kimball; Dziobek, Claudia Helene; Marston, David - International Monetary Fund (IMF) - 2000
International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper … explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust … arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and …
Persistent link: https://www.econbiz.de/10005604876
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Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions; Lessons from Mauritania
Blotevogel, Robert - International Monetary Fund (IMF) - 2013
improvements in the liquidity management framework could make monetary stimuli more effective. …
Persistent link: https://www.econbiz.de/10011242267
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Tanzania; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision
International Monetary Fund (IMF); International … - 2003
The staff report summarizes the financial sector issues of Tanzania. It assesses the overall stability and development issues, and provides an overview of the financial system highlighting its soundness and vulnerabilities. It analyzes risk management, regulation and supervision, and the...
Persistent link: https://www.econbiz.de/10005591619
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Issues in Managing and Sequencing Financial Sector Reforms Lessons From Experiences in Five Developing Countries
International Monetary Fund (IMF); International … - 1992
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950
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Switzerland; 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
International Monetary Fund (IMF); International … - 2009
Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The...
Persistent link: https://www.econbiz.de/10011242749
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Republic of Croatia; Financial System Stability Assessment: Update
International Monetary Fund (IMF); International … - 2008
The 2002 Financial Stability Assessment Program (FSAP) found that the Croatian financial system was resilient, but vulnerabilities remain. The authorities have been proactive in addressing macroeconomic and financial vulnerabilities associated with rapid credit growth and have also taken...
Persistent link: https://www.econbiz.de/10011243898