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Unconventional Central Bank Measures for Emerging Economies.
Unconventional central bank measures are playing a key policy role for many advanced economies in the 2007-09 global crisis. Are they playing a similar role for emerging economies? Emerging economies have widely used unconventional foreign exchange and domestic short-term liquidity easing measures....
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. A Taxonomy Of Unconventional Measures; 1. Central Bank Conventional and Unconventional Measures; III. The Use of Unconventional Measures in Emerging Economies; 2. Emerging Market Country Coverage; 3. Number of Measures Implemented-September 2008 to May 2009; 4. Examples of Unconventional Measures; 1. Emerging Market Countries: Unconventional Measures and GDP; 5. Regression Results; 6. Nominal Anchors and Incidence of Measures.
- 7. Indicators of International Financial Market Integration and the Incidence of Foreign Exchange EasingIV. Differences in the Use of Unconventional Measures Between Emerging Economies and Advanced Countries; 2. Monetary Policy Rates, June 2007-June 2009; 3. Cumulative Counts of Conventional and Unconventional Measures, June 2007-June 2009; 4. Emerging Market Countries: Three-month LIBOR-OIS Spread and Onshore Dollar Interest Rates, January 2008-April 2009; 5. Emerging Economies: Foreign Exchange Pressures and Net Private Capital Flows.
- 6. Central Bank Assets at Constant Price, January 2007-June 2009/7. TED Spreads; 8. Real GDP Growth; 9. Growth of Real Credit to the Private Sector; 10. Inflation; 11. The Ratio of Credit to the Private Sector to the Reserve Money, Q1 2006-Q1 2009; 12. Long-term Local Currency Ratings; V. Effectiveness of Unconventional Measures for Emerging Economies; 8. United States, Brazil, and Korea: Cost of Local Dollar Financing; VI. Closing Thoughts; Annex 1. Central Bank Conventional Measures; References; Footnotes.