05614oam 22013814 450 991095579670332120251116184546.0978661284363197814623598061462359809978145199331814519933159781282843639128284363X97814518729651451872968(CKB)3390000000010666(EBL)1605921(OCoLC)712987760(IMF)WPIEE2009149(MiAaPQ)EBC1605921(IMF)WPIEA2009149WPIEA2009149(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 Chailloux1st ed.Washington, 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 ratesBankingimfBanks and BankingimfBanks and bankingimfBanksimfCurrencyimfDeflationimfDepository InstitutionsimfExchange ratesimfFinanceimfFinance: GeneralimfFinancial marketsimfForeign ExchangeimfForeign exchangeimfGeneral Financial Markets: General (includes Measurement and Data)imfInflationimfMacroeconomicsimfMicro Finance InstitutionsimfMonetary baseimfMonetary economicsimfMonetary policy instrumentsimfMonetary PolicyimfMonetary policyimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMoney marketimfMoney marketsimfMoney supplyimfMoneyimfMortgagesimfPrice LevelimfPricesimfTunisiaimfMonetary policy.Interest rates.BankingBanks and BankingBanks and bankingBanksCurrencyDeflationDepository InstitutionsExchange ratesFinanceFinance: GeneralFinancial marketsForeign ExchangeForeign exchangeGeneral Financial Markets: General (includes Measurement and Data)InflationMacroeconomicsMicro Finance InstitutionsMonetary baseMonetary economicsMonetary policy instrumentsMonetary PolicyMonetary policyMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMoney marketMoney marketsMoney supplyMoneyMortgagesPrice LevelPrices332.152Durré Alain1816597Chailloux Alexandre1815760Laurens Bernard1815658International Monetary Fund.Monetary and Capital Markets Department.DcWaIMFBOOK9910955796703321Requirements for Using Interest Rates As An Operating Target for Monetary Policy4372815UNINA