Central Banking In Transition Countries
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Central Banking In Transition Countries
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Author : Mr.Helmut Wagner
language : en
Publisher: International Monetary Fund
Release Date : 1998-08-01
Central Banking In Transition Countries written by Mr.Helmut Wagner and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-08-01 with Business & Economics categories.
In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.
Central Banking Monetary Policies And The Implications For Transition Economies
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Author : Mario I. Blejer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Central Banking Monetary Policies And The Implications For Transition Economies written by Mario I. Blejer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.
Central Banking In Developing Countries
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Author : A. Chandavarkar
language : en
Publisher: Springer
Release Date : 1996-10-31
Central Banking In Developing Countries written by A. Chandavarkar and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-10-31 with Business & Economics categories.
This is a comprehensive state-of-the-art survey which analyzes institutions, policies and issues of central banking in developing countries including interest-free Islamic and transition economies. It discusses objectives and functions; monetary, exchange, supervisory and developmental roles; financial liberalization; informal finance; causes and implications of central bank losses. It critically evaluates currency boards, central bank independence, ceilings on government credit and suggests radical organizational reforms, divestiture of quasi-fiscal activities and partial privatization of central banks.
Central Bank Reform In The Transition Economies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1997-05-01
Central Bank Reform In The Transition Economies written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-01 with Business & Economics categories.
Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided by the IMF and 23 central banks. This book edited by V. Sundararajan, Arne B. Peterson, and Gabriel Sensenbrenner, contains the background papers prepared for the second joint coordinating meeting of participants. That meeting focused on the progress of structural reforms in central banking and bank restructuring and identified priorities for the deepening of reforms. The book documents the remarkable progress achieved by the Baltic and CIS central banks and the catalytic role they have played in financial market development.
Central Banking In Developing Countries
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Author : Álvaro Almeida
language : en
Publisher: Routledge
Release Date : 1996-05-30
Central Banking In Developing Countries written by Álvaro Almeida and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-05-30 with Business & Economics categories.
This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book
Central Banking In Developing Countries
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Author : Anand G. Chandavarkar
language : en
Publisher: Palgrave Macmillan
Release Date : 1996
Central Banking In Developing Countries written by Anand G. Chandavarkar and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Should Developing Countries Have Central Banks
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Author : Kurt Schuler
language : en
Publisher: Research Monograph Institute o
Release Date : 1996
Should Developing Countries Have Central Banks written by Kurt Schuler and has been published by Research Monograph Institute o this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Gathers evidence to determine whether or not countries with central banks can claim superior economic performance to those with other monetary systems (such as currency boards, monetary institutes, free banking, or 'dollarisation').
Foreign Exchange Intervention In Developing And Transition Economies
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Author : Mr.Jorge Iván Canales Kriljenko
language : en
Publisher: International Monetary Fund
Release Date : 2003-05-01
Foreign Exchange Intervention In Developing And Transition Economies written by Mr.Jorge Iván Canales Kriljenko and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-05-01 with Business & Economics categories.
Based on evidence obtained from the IMF's 2001 Survey on Foreign Exchange Market Organization, the author argues that, for several reasons, some central banks in developing and transition economies may be able to conduct foreign exchange intervention more effectively than the central banks of developed countries issuing the major international currencies. First, these central banks do not always fully sterilize their foreign exchange interventions. In addition, they issue regulations and conduct their foreign exchange operations in a way that increases the central bank's information advantage and the size of their foreign exchange intervention relative to foreign exchange market turnover. Some of the central banks also use moral suasion to support their foreign exchange interventions.
Gatekeepers Of Growth
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Author : Sylvia Maxfield
language : en
Publisher: Princeton University Press
Release Date : 1998-07-13
Gatekeepers Of Growth written by Sylvia Maxfield and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-07-13 with Business & Economics categories.
Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.
Alternatives To The Central Bank In The Developing World
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Author : Mr.Charles Collyns
language : en
Publisher: International Monetary Fund
Release Date : 1983-03-15
Alternatives To The Central Bank In The Developing World written by Mr.Charles Collyns and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983-03-15 with Business & Economics categories.
This paper discusses the operations of a wide range of central banking institutions in developing countries. The considerable diversity of economic, financial, and political conditions within the Third World has brought forth a wide variety of central banking institutions. Four polar types have been identified as providing coherent alternatives to the central bank. Historical experience certainly indicates that legislation on its own may not be enough to guarantee prudent behavior. Although many countries' central banking institutions have not yet come close to violating foreign exchange cover requirements or restrictions on government lending, in other cases the rules have simply been sidestepped by technical adjustments, altered expediently, or merely ignored. The organizational structure established by legislation probably plays a more positive part in determining a central banking institution's characteristic behavior. Operating procedures, channels of communication, and lines of command all exert some influence on where and how decisions are made in practice. The balance of power between government and monetary authority does not only depend on personality and outside support but will also be influenced by the institutional framework in which their interaction is established.