00868nam0-2200289---450-99000908771040332120100315102647.008-018-2320-X000908771FED01000908771(Aleph)000908771FED0100090877120090908d1979----km-y0itay50------baengUS--------001yyCollective decision makingapplications from public choice theoryClifford S. Russel, editorBaltimore ; LondonResources for the future by The Johns Hopkins University press1979296 p.24 cm.Russell,Clifford S.ITUNINARICAUNIMARCBK990009087710403321D7.208003DECTSDECTSCollective decision-making59830UNINA05744oam 22012374 450 991097398990332120250426110945.0978661284454697814623073261462307329978145272584014527258459781451874068145187406597812828445441282844547(CKB)3170000000055391(SSID)ssj0000948668(PQKBManifestationID)11506974(PQKBTitleCode)TC0000948668(PQKBWorkID)10965815(PQKB)10525107(OCoLC)680613524(IMF)WPIEE2009261(MiAaPQ)EBC1605982(IMF)WPIEA2009261WPIEA2009261(EXLCZ)99317000000005539120020129d2009 uf 0engurcn|||||||||txtccrSystemic Liquidity Management in the U.A.E. : Issues and Options /Alexandre Chailloux, Dalia Hakura1st ed.Washington, D.C. :International Monetary Fund,2009.30 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph9781451918229 1451918224 Includes bibliographical references.Intro -- Contents -- I. Introduction -- II. Recent Economic Developments -- III. The Global Financial Crisis and the Initial Response -- IV. An Analysis of the U.A.E.'s Liquidity Management Framework -- A. Analyzing Systemic Liquidity Management -- B. Analyzing the Systemic Liquidity Management Framework: the Case of the U.A.E. -- V. Assessment of the CBU and MOF Contingency Liquidity Instruments and Liquidity Risk Monitoring -- VI. The Link Between U.A.E. Banks' Lending Rates and Liquidity Indicators -- VII. Managing Liquidity Smoothly Across The Cycle While Supporting Market Developments: Amending The CBU Monetary Policy Implementation Framework -- A. Supporting the Operation of the Money Market: Changing the Features of Sterilization Instruments -- B. Consistency of the Proposed Changes with the Prospects for Future Regional Financial Integration -- References -- Tables -- 1. Trends in U.A.E. Banking Indicators -- 2. Effects of the liquidity Indicators on Bank Lending Rates -- Figures -- 1. Consumer Price Index -- 2. Growth in Credit to the Private Sector -- 3. GCC: Bank Claims on the Private Sector, 2007 -- 4. Banking System Loans-to-Deposits Ratio 2003-2008 -- 5. Three-month Interbank Rates, January 1, 2007-March 4, 2009 -- 6. Selected U.A.E. Banks Loan to Deposit Ratios, 2007 and 2008 -- 7. Certificates of Deposit -- 8. Banking System Liquid Assets to Total Assets -- Appendix -- 1. Data Appendix.The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks through end-2008, the paper emphasizes the importance of making available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more comprehensive set of liquidity risk indicators. As regards the former, the paper discusses the merits and scope for the U.A.E. to introduce a domestic bond market.IMF Working Papers; Working Paper ;No. 2009/261LiquidityFinanceUnited Arab EmiratesBankingimfBanks and BankingimfBanks and bankingimfBanksimfCapital and Ownership StructureimfCommercial banksimfDepository InstitutionsimfEconomicsimfFinanceimfFinance: GeneralimfFinancial Risk and Risk ManagementimfFinancial risk managementimfFinancial services law & regulationimfFinancing PolicyimfGoodwillimfInvestment DecisionsimfLiquidity managementimfLiquidity riskimfLiquidityimfMicro Finance InstitutionsimfMortgagesimfPortfolio ChoiceimfValue of FirmsimfUnited Arab EmiratesimfLiquidity.FinanceBankingBanks and BankingBanks and bankingBanksCapital and Ownership StructureCommercial banksDepository InstitutionsEconomicsFinanceFinance: GeneralFinancial Risk and Risk ManagementFinancial risk managementFinancial services law & regulationFinancing PolicyGoodwillInvestment DecisionsLiquidity managementLiquidity riskLiquidityMicro Finance InstitutionsMortgagesPortfolio ChoiceValue of Firms332.1068;332.1068/1Chailloux Alexandre1815760Hakura Dalia1643717International Monetary Fund.DcWaIMFBOOK9910973989903321Systemic Liquidity Management in the U.A.E.4372856UNINA