LEADER 03858nam 2200613Ia 450 001 9910818985503321 005 20200520144314.0 010 $a1-4623-0732-9 010 $a9786612844546 010 $a1-4527-2584-5 010 $a1-4518-7406-5 010 $a1-282-84454-7 035 $a(CKB)3170000000055391 035 $a(SSID)ssj0000948668 035 $a(PQKBManifestationID)11506974 035 $a(PQKBTitleCode)TC0000948668 035 $a(PQKBWorkID)10965815 035 $a(PQKB)10525107 035 $a(OCoLC)680613524 035 $a(IMF)WPIEE2009261 035 $a(MiAaPQ)EBC1605982 035 $a(EXLCZ)993170000000055391 100 $a20100902d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSystemic liquidity management in the U.A.E $eissues and options /$fAlexandre Chailloux and Dalia Hakura 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2009 215 $a30 p. $cill 225 1 $aIMF working paper ;$vWP/09/261 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1822-4 320 $aIncludes bibliographical references. 327 $aIntro -- 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. 330 3 $aThe paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks through end-2008, the paper emphasizes the importance of making available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more comprehensive set of liquidity risk indicators. As regards the former, the paper discusses the merits and scope for the U.A.E. to introduce a domestic bond market. 410 0$aIMF working paper ;$vWP/09/261. 606 $aLiquidity 606 $aFinance$zUnited Arab Emirates 615 0$aLiquidity. 615 0$aFinance 676 $a332.1068;332.1068/1 700 $aChailloux$b Alexandre$01599077 701 $aHakura$b Dalia S$01643717 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910818985503321 996 $aSystemic Liquidity Management in the U.A.E.$94120842 997 $aUNINA