05393oam 22012854 450 991078909700332120230721033725.01-4623-5980-91-4519-9331-51-282-84363-X97866128436311-4518-7296-8(CKB)3390000000010666(EBL)1605921(OCoLC)712987760(MiAaPQ)EBC1605921(IMF)WPIEE2009149(EXLCZ)99339000000001066620020129d2009 uf 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierRequirements for Using Interest Rates As An Operating Target for Monetary Policy : The Case of Tunisia /Alain Durré, Bernard Laurens, Alexandre ChaillouxWashington, D.C. :International Monetary Fund,2009.1 online resource (47 p.)IMF Working Papers"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 Papers; Working Paper ;No. 2009/149Monetary policyInterest ratesBanks and BankingimfFinance: GeneralimfForeign ExchangeimfMoney and Monetary PolicyimfInflationimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfMonetary PolicyimfPrice LevelimfDeflationimfMonetary economicsimfFinanceimfCurrencyimfForeign exchangeimfBankingimfMacroeconomicsimfMoney marketsimfExchange ratesimfMonetary baseimfMonetary policy instrumentsimfFinancial marketsimfMoneyimfPricesimfMonetary policyimfMoney marketimfMoney supplyimfBanks and bankingimfTunisiaimfMonetary policy.Interest rates.Banks and BankingFinance: GeneralForeign ExchangeMoney and Monetary PolicyInflationGeneral Financial Markets: General (includes Measurement and Data)Monetary Policy, Central Banking, and the Supply of Money and Credit: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesMonetary PolicyPrice LevelDeflationMonetary economicsFinanceCurrencyForeign exchangeBankingMacroeconomicsMoney marketsExchange ratesMonetary baseMonetary policy instrumentsFinancial marketsMoneyPricesMonetary policyMoney marketMoney supplyBanks and bankingDurré Alain1465918Laurens Bernard1462077Chailloux Alexandre1465919International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910789097003321Requirements for Using Interest Rates As An Operating Target for Monetary Policy3676169UNINA