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Record Nr. |
UNINA9910789097003321 |
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Autore |
Durré Alain |
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Titolo |
Requirements for Using Interest Rates As An Operating Target for Monetary Policy : : The Case of Tunisia / / Alain Durré, Bernard Laurens, Alexandre Chailloux |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-5980-9 |
1-4519-9331-5 |
1-282-84363-X |
9786612843631 |
1-4518-7296-8 |
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Descrizione fisica |
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1 online resource (47 p.) |
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Collana |
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Altri autori (Persone) |
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LaurensBernard |
ChaillouxAlexandre |
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Soggetti |
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Monetary policy |
Interest rates |
Banks and Banking |
Finance: General |
Foreign Exchange |
Money and Monetary Policy |
Inflation |
General Financial Markets: General (includes Measurement and Data) |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Monetary Policy |
Price Level |
Deflation |
Monetary economics |
Finance |
Currency |
Foreign exchange |
Banking |
Macroeconomics |
Money markets |
Exchange rates |
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Monetary base |
Monetary policy instruments |
Financial markets |
Money |
Prices |
Money market |
Money supply |
Banks and banking |
Tunisia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; Boxes; 1. Objectives of the 11th Economic Plan; II. Overview of Tunisia's Program of Economic Reforms; A. Financial Sector Reforms; B. External Sector and Policies; 2. Summary of Exchange Arrangements; C. Monetary Policy Framework; III. Using Interest Rates as the Operating Target: Money Market Deepening; A. Interbank Money Market and Liquidity Management in Tunisia; Figures; 1. Key Monetary Indicators; B. Monetary Management: Assessment and Way Forward; 3. Monetary Policy Instruments; C. Money Market Deepening |
1. Estimates of an Interest Rate Reaction FunctionB. Strengthening Compliance with the Building Blocks of Inflation Targeting; 2. Compliance with the Building Blocks of an IT Framework; VI. Concluding Remarks; Appendices; I. Tunisia: Monetary Targeting Framework; II. Inflation Targeting in Emerging Economies; Appendix Tables; 3. Tunisia: Reforms in the Monetary, Financial and External; 4. Detailed Compliance with the Building Blocks; 5. Unit Root Tests; References |
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Sommario/riassunto |
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This paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. |
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