05466oam 22010574 450 991078841530332120230721050845.01-4623-2355-31-4527-5315-61-283-51175-497866138242021-4519-1024-X(CKB)3360000000443414(EBL)1608459(SSID)ssj0001484579(PQKBManifestationID)11850364(PQKBTitleCode)TC0001484579(PQKBWorkID)11437578(PQKB)11386557(OCoLC)568151204(MiAaPQ)EBC1608459(IMF)WPIEE2007007(EXLCZ)99336000000044341420020129d2007 uf 0engtxtccrMonetary Policy Implementation : Results from a Survey /Inese Buzeneca, Rodolfo MainoWashington, D.C. :International Monetary Fund,2007.1 online resource (43 p.)IMF Working Papers"January 2007."At head of title: Monetary and Financial Systems Department.1-4518-6571-6 Includes bibliographical references (p. 40-41).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 Countries3. 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; AppendicesI. Characterizing Some of the Monetary Policy Instruments II. Template for Monetary Instruments DatabaseSince 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.IMF Working Papers; Working Paper ;No. 2007/007Monetary policyMonetary policyDeveloping countriesBanks and BankingimfInvestments: GeneralimfMoney and Monetary PolicyimfMonetary PolicyimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary economicsimfBankingimfInvestment & securitiesimfMonetary policy instrumentsimfReserve requirementsimfStanding facilitiesimfGovernment securitiesimfMonetary policyimfBanks and bankingimfNew ZealandimfMonetary policy.Monetary policyBanks and BankingInvestments: GeneralMoney and Monetary PolicyMonetary PolicyBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: General (includes Measurement and Data)Monetary economicsBankingInvestment & securitiesMonetary policy instrumentsReserve requirementsStanding facilitiesGovernment securitiesMonetary policyBanks and banking330.1Buzeneca Inese1546589Maino Rodolfo1462067International Monetary Fund.Monetary and Financial Systems Dept.DcWaIMFBOOK9910788415303321Monetary Policy Implementation3802289UNINA