1.

Record Nr.

UNINA9910975151003321

Autore

Buzeneca Inese

Titolo

Monetary Policy Implementation : : Results from a Survey / / Inese Buzeneca, Rodolfo Maino

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2007

ISBN

9786613824202

9781462323555

1462323553

9781452753157

1452753156

9781283511759

1283511754

9781451910247

145191024X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (43 p.)

Collana

IMF Working Papers

Altri autori (Persone)

MainoRodolfo

Disciplina

330.1

Soggetti

Monetary policy

Monetary policy - Developing countries

Banking

Banks and Banking

Banks and banking

Banks

Depository Institutions

General Financial Markets: General (includes Measurement and Data)

Government securities

Investment & securities

Investments: General

Micro Finance Institutions

Monetary economics

Monetary policy instruments

Monetary Policy

Money and Monetary Policy

Mortgages

Reserve requirements

Standing facilities

New Zealand



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"January 2007."

At head of title: Monetary and Financial Systems Department.

Nota di bibliografia

Includes bibliographical references (p. 40-41).

Nota di contenuto

Contents; I. Introduction; Boxes; 1. Information System for Instruments of Monetary Policy; II. Using the Database to Extract Information on the Instrument Mix; Tables; 1. Types of Monetary Instruments; Figures; 1. Highly Reported Instruments by Groups of Countries; A. Direct Instruments; B. Reserve Requirements; 2. Use of Direct Instruments, 1998-2004; 2. Reserve Requirements; 2. Reserve Requirements on Foreign Exchange Deposits; C. Statutory Liquidity Requirements; 3. Lending Facility in Developing Economies; 3. Reserve and Statutory Liquidity Requirements in Groups of Countries

3. Summary of Highly Reported Instruments by Groups of Countries 4. Use of Statutory Liquidity Requirements, 1998-2004; 4. Average Reserve Ratios in Groups of Countries; D. Standing Facilities; 5. The Reporting of Interest Rate Arrangement in Groups of Countries; 6. Standing Facilities; 7. Designs of Lending Facility in Groups of Countries; E. Discretionary Monetary Instruments; 5. Market-Based Instruments; 4. Government vs. Central Bank Securities: Advantages and Disadvantages; 8. Open Market Operations; F. Market Information; III. Final Remarks; 6. Market Information, 2004; Appendices

I. Characterizing Some of the Monetary Policy Instruments II. Template for Monetary Instruments Database

Sommario/riassunto

Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing 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 comparative summary tables and graphs to illustrate the use of monetary policy instruments by groups of countries (developing, emerging market and developed countries). The main trend that can be identified from the database information is the increasing reliance on money market operations for monetary policy implementation. We emphasize the relevance and usefulness of the data collected through periodic surveys of central banks, for general descriptive and analytical purposes.