UID:
edoccha_9960178381702883
Format:
1 online resource (38 pages).
ISBN:
1-4983-7051-9
Series Statement:
Policy Papers
Note:
Contents -- Glossary of Monetary Instruments -- Executive Summary -- I. Overview -- II. Country Experiences -- A. Macroeconomic Conditions -- B. Market Participation Limitations -- C. Institutional Shortcomings -- III. Implications for Policy Design and Coordination -- A. Selecting a Monetary Framework: Prices versus Quantities -- B. Choice of Monetary Instruments -- IV. Agenda for Actions to Enhance Monetary Policy Effectiveness -- A. Curtailing Fiscal Dominance -- B. Dealing with Structural Liquidity Surplus -- C. Establishing Efficient Money Markets -- D. Strengthening Financial Market Infrastructure -- V. Sequencing of Reforms -- VI. Implications for Fund Operations -- References -- Tables -- 1. Use of Monetary Instruments in a Sample of Countries -- 2. Technical Assistance in Monetary Policy Implementation, 1999-2004 -- 3. Stylized Structure of Central Bank Interest Rates -- 4. Functions of Monetary Instruments at Stage Two and Three -- Figures -- 1. Monetary Policy Implementation at Different Stages of Market Development -- Boxes -- 1. The Conduct of Monetary Policy -- 2. Country Examples of Fiscal Dominance -- 3. Country Examples of Structural Liquidity Surplus -- 4. Country Examples of Market Participation and Institutional Limitations -- 5. Liquidity Forecasting Frameworks -- 6. Initial Conditions for Inflation Targeting -- 7. Successful Experiences in Small Countries -- 8. Typology of Money Market Operations -- 9. Fostering Fiscal Discipline in the Eastern Caribbean Currency Union -- 10. Measures to Limit the Distortionary Effects of Rules-Based Instruments -- 11. Monetary Instruments for Small Countries -- 12. Synergies Between Fund Operations: Selected Country Experiences -- Appendix -- Monetary Policy Implementation in Small Countries.
Additional Edition:
ISBN 1-4983-3004-5
Language:
English
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