Author: Anne-Marie GuldePublisher:
ISBN:
Category :
Languages : en
Pages : 62
Book Description
Liquid asset ratios and financial sector reforms
Author: Anne-Marie GuldeLiquid Asset Ratios and Financial Sector Reform
Author: Ms.Anne Marie GuldePublisher: International Monetary Fund
ISBN: 1451856407
Category : Business & Economics
Languages : en
Pages : 63
Book Description
As a monetary, selective credit, and government debt-management instrument, a liquid asset ratio is generally inefficient and may introduce serious distortions. However, it may play a limited role as a prudential instrument, particularly in less sophisticated banking systems or in the context of currency board arrangements. Recent trends in the use of this instrument have been to either abolish it altogether or to design it so as to minimize distortions. When necessary, these changes have been part of a broader effort to make financial intermediation more efficient by relying more on markets and less on regulations.
Financial Sector Reforms and Monetary Policy
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451854943
Category : Business & Economics
Languages : en
Pages : 22
Book Description
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the central bank, and a deepening of money and securities markets. Such reforms, and the developments that follow, have important implications for the design and conduct of monetary policy. This paper provides an overview of the linkages between financial sector reforms and the monetary policy framework, focusing in particular on the objectives, instruments, and operating procedures of monetary policy.
Liquid Asset Rations and Financial Sector Reform
Author: Anne Marie GuldeFinancial Sector Reforms and Monetary Policy
Author: Mohsin S. KhanPublisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 28
Book Description
Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy
Author: Eric MonnetPublisher: International Monetary Fund
ISBN: 1498320473
Category : Business & Economics
Languages : en
Pages : 48
Book Description
This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between the 1930s and 1980s. We build a model that rationalizes the mechanisms described by contemporary central bankers, in which an increase in the liquidity ratio has contractionary effects, because it reduces the quantity of assets banks can pledge as collateral. This effect, akin to quantity rationing, is more pronounced when excess reserves are scarce.
Financial Sector Reforms and Bank Performance in Ghana
Author: T. O. Antwi-AsarePublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 136
Book Description
Basel III: the Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools
Author: Publisher:
ISBN: 9789291979127
Category : Bank liquidity
Languages : en
Pages : 75
Book Description
"This document presents one of the Basel Committee's key reforms to develop a more resilient banking sector: the Liquidity Coverage Ratio (LCR). The objective of the LCR is to promote the short-term resilience of the liquidity risk profile of banks. It does this by ensuring that banks have an adequate stock of unencumbered high-quality liquid assets (HQLA) that can be converted easily and immediately in private markets into cash to meet their liquidity needs for a 30 calendar day liquidity stress scenario. The LCR will improve the banking sector's ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy. This document sets out the LCR standard and timelines for its implementation."--Introduction.
International Convergence of Capital Measurement and Capital Standards
Author: Publisher: Lulu.com
ISBN: 9291316695
Category : Bank capital
Languages : en
Pages : 294
Book Description
Sequencing Financial Sector Reforms
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557757791
Category : Business & Economics
Languages : en
Pages : 412
Book Description
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.