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Record Nr. |
UNINA9910955796703321 |
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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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9786612843631 |
9781462359806 |
1462359809 |
9781451993318 |
1451993315 |
9781282843639 |
128284363X |
9781451872965 |
1451872968 |
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Edizione |
[1st ed.] |
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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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ChaillouxAlexandre |
LaurensBernard |
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Disciplina |
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Soggetti |
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Monetary policy |
Interest rates |
Banking |
Banks and Banking |
Banks and banking |
Banks |
Currency |
Deflation |
Depository Institutions |
Exchange rates |
Finance |
Finance: General |
Financial markets |
Foreign Exchange |
Foreign exchange |
General Financial Markets: General (includes Measurement and Data) |
Inflation |
Macroeconomics |
Micro Finance Institutions |
Monetary base |
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Monetary economics |
Monetary policy instruments |
Monetary Policy |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
Money market |
Money markets |
Money supply |
Money |
Mortgages |
Price Level |
Prices |
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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