LEADER 05393oam 22012854 450 001 9910789097003321 005 20230721033725.0 010 $a1-4623-5980-9 010 $a1-4519-9331-5 010 $a1-282-84363-X 010 $a9786612843631 010 $a1-4518-7296-8 035 $a(CKB)3390000000010666 035 $a(EBL)1605921 035 $a(OCoLC)712987760 035 $a(MiAaPQ)EBC1605921 035 $a(IMF)WPIEE2009149 035 $a(EXLCZ)993390000000010666 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRequirements for Using Interest Rates As An Operating Target for Monetary Policy : $eThe Case of Tunisia /$fAlain Durré, Bernard Laurens, Alexandre Chailloux 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (47 p.) 225 1 $aIMF Working Papers 300 $a"July 2009." 320 $aIncludes bibliographical references. 327 $aContents; 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 Deepening 327 $a1. 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; References 330 3 $aThis paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/149 606 $aMonetary policy 606 $aInterest rates 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aMoney and Monetary Policy$2imf 606 $aInflation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aMonetary Policy$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aMonetary economics$2imf 606 $aFinance$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aBanking$2imf 606 $aMacroeconomics$2imf 606 $aMoney markets$2imf 606 $aExchange rates$2imf 606 $aMonetary base$2imf 606 $aMonetary policy instruments$2imf 606 $aFinancial markets$2imf 606 $aMoney$2imf 606 $aPrices$2imf 606 $aMonetary policy$2imf 606 $aMoney market$2imf 606 $aMoney supply$2imf 606 $aBanks and banking$2imf 607 $aTunisia$2imf 615 0$aMonetary policy. 615 0$aInterest rates. 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aMoney and Monetary Policy 615 7$aInflation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aMonetary Policy 615 7$aPrice Level 615 7$aDeflation 615 7$aMonetary economics 615 7$aFinance 615 7$aCurrency 615 7$aForeign exchange 615 7$aBanking 615 7$aMacroeconomics 615 7$aMoney markets 615 7$aExchange rates 615 7$aMonetary base 615 7$aMonetary policy instruments 615 7$aFinancial markets 615 7$aMoney 615 7$aPrices 615 7$aMonetary policy 615 7$aMoney market 615 7$aMoney supply 615 7$aBanks and banking 700 $aDurré$b Alain$01465918 701 $aLaurens$b Bernard$01462077 701 $aChailloux$b Alexandre$01465919 712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910789097003321 996 $aRequirements for Using Interest Rates As An Operating Target for Monetary Policy$93676169 997 $aUNINA