Download or read book Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy written by Mr.Paul Louis Ceriel Hilbers and published by International Monetary Fund. This book was released on 1993-11-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses different instruments of monetary policy, and in particular the choice between direct and indirect instruments. It identifies the main characteristics of a country’s financial system that should be considered in selecting monetary instruments, and analyzes how these characteristics should influence that selection in countries that are progressing from a state-controlled to a market economy. The characteristics of the financial system during the initial stage of the transition sometimes favor relatively direct instruments. At this stage market-based variants of direct instruments may combine the necessary effectiveness in reducing monetary expansion with the need to introduce and stimulate competition in the financial markets. During this stage indirect instruments can be developed and tested (“belt and braces” approach). In later stages, as experience is gained, these indirect instruments can gradually replace the more direct controls.
Download or read book Monetary Instruments and Their Use During Transition from a Centrally Planned to a Market Economy written by P. L. C. Hilbers and published by . This book was released on 1995 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Instruments and Their Use During the Transition from a Centrally Planned to a Market Economy written by Paul Hilbers and published by . This book was released on 2006 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary instruments and their use during the transition from a centrally planned to a market economy written by Fondo Monetario Internacional and published by . This book was released on 1993 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Payment System Risk During the Transition from a Centrally Planned to a Market Economy written by Andrew T. Hook and published by . This book was released on 1992 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy written by Anne-Laurie Delatte and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the process of transition and develop money demand functions that reflect these institutional changes. We consider seasonal unit roots and estimate long run, equilibrium money demand functions, explicitly taking into consideration the changes in the institutional characteristics of China's financial system. Using a newly compiled dataset that covers an unprecedented long time period of 1984-2010 at the quarterly frequency, we are able to draw conclusions on the transitions in households', firms', and aggregate money demand, on the role of the credit plan and interest rates, on the mechanisms of macroeconomic control during economic transition, and on theoretical questions in the development and money literature.
Download or read book Refinance Instruments written by Mr.Bernard Laurens and published by INTERNATIONAL MONETARY FUND. This book was released on 1994-05-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many central banks around the world are gradually shifting from a system of direct controls towards the implementation of monetary policy through market-oriented instruments, including refinance facilities. This paper reviews the use of refinance instruments in a sample of industrialized countries, and discusses how central banks use them to influence short-term interest rates and to manage banks’ reserves. Some lessons are suggested for their implementation in developing countries or economies in transition.
Download or read book China s Financial Sector Reform in the Transition to a Market Economy written by Feng Wei and published by Mohr Siebeck. This book was released on 2000 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The book is a problem-oriented study of China's financial sector in the transitional process since 1979. It provides deep and precise insights into the characteristics and problems of China's financial sector with respect to investment finance, the central banking and commercial banking systems, the financial market, and the legal and institutional framework of bank supervision in China. More importantly, the book has also proposed workable strategies for resolving two acute problems: interest rate liberalization and solving the issue of non-performing loans in China's banking system. The recent financial crisis in Asia is also a subject of the book, especially as regards its effects on the banking sector, stock markets, and extemal financial market liberalization in China. Furthermore, a projection is made about the trends in Chinese economic policies, particularly the interest rate policy, the exchange rate policy, and the fiscal policy, and about the perspectives of China's financial sector reform. This book is a valuable reference for academic researchers, investors, business managers, and policy-makers who are concemed with China's banking and financial system. "
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last twenty years rather than sooner? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We then proceed to a discussion of political economy models, which we organize into six groups: (1) models based upon opportunistic policy makers and naive voters with “fiscal illusion”; (2) models of intergenerational redistributions; (3) models of debt as a strategic variable, linking the current government with the next one; (4) models of coalition governments; (5) models of geographically dispersed interests; and (6) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.
Download or read book Budgetary Subsidies in Centrally Planned Economies in Transition written by Mr.Robert Holzmann and published by International Monetary Fund. This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes budgetary subsidy policy issues that arise when centrally planned economies move toward a market economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform program and that during the program’s execution, former implicit subsidies are likely to become budgetized. Furthermore, additional pressure on the budget, caused by enterprise restructuring or the introduction of social safety net provisions, necessitates careful policy design. Comprehensive budgetary reform is required to prevent budgetary slippages during the transition process.
Download or read book The Handbook of China s Financial System written by Marlene Amstad and published by Princeton University Press. This book was released on 2020-11-17 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--
Download or read book The Currency of Power written by A. Broome and published by Springer. This book was released on 2010-03-10 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how the International Monetary Fund engages in the politics of ideas to shape domestic institutional change. Drawing on case studies from post-Soviet Central Asia, André Broome explains that how governments interpret their policy options mediates the IMF's influence over economic reform during periods of crisis and uncertainty.
Download or read book Routledge Dictionary of Economics written by Donald Rutherford and published by Routledge. This book was released on 2002-08-22 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compiled to meet the needs of students and professionals in economics, finance, accountancy and business, this wide-ranging, international Dictionary is for everyone who wants an up-to-date resource to the world of economics. Key Features over 4200 comprehensive A to Z entries, from after-hours to z-score, provide clear, definitive explanations of the key terms, issues, theories and concepts in economics today - as well as describing the contributions of key figures in the field each entry is headed by a short definition for quick reference, and where relevant, followed by an annotated bibliography to lead the reader to further sources cross-referenced for ease of access the full range of subjects is covered, from classical economics and the study of value and growth, to contemporary concerns such as European Union and Green conditionality detailed coverage of vital econometric terms and statistics including entries such as eigenprices and M0 includes specialised commercial and financial jargon illustrated with 94 line diagrams unique subject index for ease of access
Download or read book Research Activities of the International Monetary Fund January 1991 December 1999 written by International Monetary Fund. Interdepartmental Working Group on Fund Research and published by . This book was released on 2000 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy During Transition written by Martha De Melo and published by World Bank Publications. This book was released on 1997 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Treasury Bills and Or Central Bank Bills for Absorbing Surplus Liquidity written by Mr.Obert Nyawata and published by International Monetary Fund. This book was released on 2012-01-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are the first best option especially because positive externalities for the financial sector and the rest of the economy. However, the main considerations in the choice should be: (i) operational independence for the central bank; (ii) market development; and (iii) the strengthening of the transmission of monetary policy impulses.
Download or read book The American Bibliography of Slavic and East European Studies written by Patt Leonard and published by Routledge. This book was released on 2020-02-27 with total page 1645 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bibliography, first published in 1957, provides citations to North American academic literature on Europe, Central Europe, the Balkans, the Baltic States and the former Soviet Union. Organised by discipline, it covers the arts, humanities, social sciences, life sciences and technology.
