03087nam 2200517Ia 450 991046459650332120181012003249.01-4623-5980-91-4519-9331-51-282-84363-X97866128436311-4518-7296-8(CKB)3390000000010666(EBL)1605921(OCoLC)712987760(MiAaPQ)EBC1605921(EXLCZ)99339000000001066620100916d2009 uf 0engur|n|---|||||Requirements for using interest rates as an operating target for monetary policy[electronic resource] the case of Tunisia /prepared by Alexandre Chailloux, Alain Durré, and Bernard J. Laurens[Washington, D.C.] International Monetary Fund,Monetary and Capital Markets Dept.c20091 online resource (47 p.)IMF working paper ;WP/09/149"July 2009."Includes bibliographical references.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 Deepening1. 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; ReferencesThis 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.IMF working paper ;WP/09/149.Monetary policyInterest ratesElectronic books.Monetary policy.Interest rates.Chailloux Alexandre860307Durré Alain864902Laurens Bernard864903International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910464596503321Requirements for using interest rates as an operating target for monetary policy1930472UNINA