LEADER 05744oam 22012374 450 001 9910973989903321 005 20250426110945.0 010 $a9786612844546 010 $a9781462307326 010 $a1462307329 010 $a9781452725840 010 $a1452725845 010 $a9781451874068 010 $a1451874065 010 $a9781282844544 010 $a1282844547 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(IMF)WPIEA2009261 035 $aWPIEA2009261 035 $a(EXLCZ)993170000000055391 100 $a20020129d2009 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, Dalia Hakura 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a30 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781451918229 311 08$a1451918224 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 Papers; Working Paper ;$vNo. 2009/261 606 $aLiquidity 606 $aFinance$zUnited Arab Emirates 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCapital and Ownership Structure$2imf 606 $aCommercial banks$2imf 606 $aDepository Institutions$2imf 606 $aEconomics$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aFinancial risk management$2imf 606 $aFinancial services law & regulation$2imf 606 $aFinancing Policy$2imf 606 $aGoodwill$2imf 606 $aInvestment Decisions$2imf 606 $aLiquidity management$2imf 606 $aLiquidity risk$2imf 606 $aLiquidity$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aPortfolio Choice$2imf 606 $aValue of Firms$2imf 607 $aUnited Arab Emirates$2imf 615 0$aLiquidity. 615 0$aFinance 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCapital and Ownership Structure 615 7$aCommercial banks 615 7$aDepository Institutions 615 7$aEconomics 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Risk and Risk Management 615 7$aFinancial risk management 615 7$aFinancial services law & regulation 615 7$aFinancing Policy 615 7$aGoodwill 615 7$aInvestment Decisions 615 7$aLiquidity management 615 7$aLiquidity risk 615 7$aLiquidity 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aPortfolio Choice 615 7$aValue of Firms 676 $a332.1068;332.1068/1 700 $aChailloux$b Alexandre$01815760 701 $aHakura$b Dalia$01643717 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910973989903321 996 $aSystemic Liquidity Management in the U.A.E.$94372856 997 $aUNINA