Chile: Central Bank Transparency Code Review

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513573225
Total Pages : 108 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Chile: Central Bank Transparency Code Review by : International Monetary

Download or read book Chile: Central Bank Transparency Code Review written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-16 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Chile (CBC) has implemented broadly advanced transparency practices. This reflects the CBC’s strong public commitment to transparency, which is anchored in the law and has been designated by the CBC as a strategic objective to fulfill its mandate. This policy has earned the CBC the broad trust of its stakeholders and has paid significant dividends for the CBC in terms of safeguarding its autonomy and ensuring its policy effectiveness.

The Central Bank Transparency Code—Findings Of The Pilot Reviews

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Central Bank Transparency Code—Findings Of The Pilot Reviews by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book The Central Bank Transparency Code—Findings Of The Pilot Reviews written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2023-03-15 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports to the Executive Board on the outcomes of the Central Bank Transparency Code (CBT) pilot reviews. The pilot CBT reviews helped central banks evaluate their transparency practices and strengthen dialogue with external stakeholders. The CBT pilots provided valuable information on the resources required for the reviews going forward. Staff will continue to offer CBT reviews to the rest of the membership. The staff will report back to the Board in FY2026 on the progress of the CBT reviews and an update to the Code following five years of implementation.

Central Bank Transparency Code Review— Guidance Note

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Central Bank Transparency Code Review— Guidance Note by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Central Bank Transparency Code Review— Guidance Note written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2023-11-17 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document provides guidance and practical suggestions for conducting reviews of the Central Bank Transparency Code (CBT) to IMF staff and experts conducting reviews, as well as to the central banks participating or intending to participate in the CBT review.

Canada

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Canada by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2022-09-28 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank of Canada (BOC) sets a high benchmark for transparency, which is recognized by its stakeholders, thus maintaining a high level of trust and accountability. The BOC’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1). This is acknowledged by the BOC’s external stakeholders, who view the central bank as an open, dynamic, and transparent public institution.

Morocco

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 109 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Morocco by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Morocco written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2022-12-19 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank Al-Maghrib (BAM) has implemented expanded and comprehensive transparency practices in a number of areas, notably related to the primary mandate of price stability and the shared mandate of financial stability. This reflects the BAM’s public commitment to transparency anchored in the new 2019 BAM Law and articulated as a strategic orientation under the quinquennial plan for 2019-2023. This level of transparency enabled the BAM to gain the noteworthy trust of the stakeholders met by the mission and to safeguard its autonomy.

Chile: Financial Sector Assessment Program--Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451807615
Total Pages : 25 pages
Book Rating : 4.8/5 (76 download)

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Book Synopsis Chile: Financial Sector Assessment Program--Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies by : International Monetary Fund

Download or read book Chile: Financial Sector Assessment Program--Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-10-21 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on key findings of the Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies on Chile. The assessment reveals a high degree of compliance with the Transparency Code, including in the objectives and responsibilities of the central bank. The target and instrument autonomy of the Central Bank of Chile is strong by virtue of being enshrined in the constitution. The process for monetary policy formulation, implementation, and communication is highly transparent.

Seychelles

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 129 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Seychelles by : International Monetary

Download or read book Seychelles written by International Monetary and published by International Monetary Fund. This book was released on 2022-09-28 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Seychelles (CBS) sets a high benchmark for transparency, given the economic, and financial development and literacy circumstances of Seychelles, which is recognized by the stakeholders, thus maintaining a high level of trust and accountability. Despite constrained human capital resources, the CBS has taken commendable actions to facilitate an open and dynamic dialogue with key stakeholders. The CBS took the lead in communications on extraordinary support programs during the COVID-19 pandemic, regularly engaging with the public using plain language and various communication tools. It is also making great efforts to promote financial inclusion in Seychelles by developing and implementing a broad agenda on financial education and enhancing consumer protection in the financial sector.

Update The Monetary And Financial Policies Transparency Code

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498314503
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Update The Monetary And Financial Policies Transparency Code by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Update The Monetary And Financial Policies Transparency Code written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-05-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper responds to a request made by the Executive Board at the time of the 2017 Review of the Standards and Codes Initiative (RSCI) for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked staff that the new code remove the overlap on financial policies covered by other standards, expand the transparency standards to broader set of activities undertaken by many central banks since the Global Financial Crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.

The Central Bank Transparency Code

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513551814
Total Pages : 132 pages
Book Rating : 4.5/5 (518 download)

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Book Synopsis The Central Bank Transparency Code by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book The Central Bank Transparency Code written by International Monetary Fund. Monetary and Capital Markets Department and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-07-30 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reports to the Executive Board on its decision of April 29, 2019, to prepare an IMF Central Bank Transparency Code (CBT), which is linked to the 2017 Review of the Standards and Codes Initiative (RSCI), for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked that the CBT should remove the overlap on financial policies covered by other international standards, expand the transparency standards to broader set of activities undertaken by many central banks since the 2008 financial crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.

Chile: Fiscal Transparency Evaluation

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616350709
Total Pages : 110 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Chile: Fiscal Transparency Evaluation by : International Monetary

Download or read book Chile: Fiscal Transparency Evaluation written by International Monetary and published by International Monetary Fund. This book was released on 2021-11-11 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong fiscal institutions have contributed to Chile’s macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency. This report assesses fiscal transparency practices in Chile in relation to the requirements of the IMF’s Fiscal Transparency Code and confirms that many elements of sound fiscal transparency practices are already in place. Chile’s practices meet the principles of the code at a good or advanced level for 21 out of the 36 principles. This is a good score, compared to the average for Latin American Countries and Emerging Market Economies. On a further nine principles, Chile meets the basic standard of practice. Chile’s fiscal transparency practices are very strong for fiscal forecasting and budgeting, followed by fiscal reporting, while fiscal risk analysis and management demonstrate more mixed results. Further improvements could be achieved relatively easily through the publication of some internal analyses or through a more timely or user-friendly publication of already available information.

Uruguay

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Uruguay by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Uruguay written by International Monetary Fund. Monetary and Capital Markets Department and published by INTERNATIONAL MONETARY FUND. This book was released on 2022-07-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central Bank of Uruguay (BCU) is implementing transparency practices that are broadly aligned with the good practices for central banks (Table 1). The institution’s comprehensive communication tools and strategy underpin the commitment to transparency and its accountability for the price stability and financial system soundness mandates. In addition, the adoption of transparency among its value statements supports its mission “to contribute to the wellbeing of the society.” The BCU management wants to make further improvements in the transparency practices and envisions that by relying on its strong legal and institutional arrangements this can be achieved. Ultimately, the BCU intends to be recognized as an “independent, effective, and reliable institution with the capability to anticipate and respond to new challenges.”

Chile

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451807639
Total Pages : 5 pages
Book Rating : 4.8/5 (76 download)

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Book Synopsis Chile by : International Monetary Fund

Download or read book Chile written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-08-01 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an update to the Report on the Observance of Standards and Codes on Fiscal Transparency for Chile. Chile has completed the first stage of the migration of its fiscal statistics to the IMF’s Government Finance Statistics Manual (GFSM 2001). A main result of this migration is the production of the operating statement, corresponding to flow transactions, for the central government, the general government, and the consolidated public enterprises. However, the treatment of interest payments on inflation-indexed bonds and on debt owed to the central bank differs from that in GFSM 2001.

Central Bank Communication and Monetary Policy Surprises in Chile

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Publisher : International Monetary Fund
ISBN 13 : 1484363108
Total Pages : 33 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Central Bank Communication and Monetary Policy Surprises in Chile by : Mr.Andrea Pescatori

Download or read book Central Bank Communication and Monetary Policy Surprises in Chile written by Mr.Andrea Pescatori and published by International Monetary Fund. This book was released on 2018-07-06 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the quality of the CBC’s communication policy by looking at the predictability and effectiveness of monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct indeces of monetary policy surprises for the three major communication channels of the CBC: the release of policy meetings’ statements, minutes, and monetary policy reports (IPoM). We assess monetary policy predictability and efficacy by looking at the size and time-evolution of monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset markets. We find that, in general, the CBC’s has been effective in its forward guidance through its statements and IPoM. Policy actions are quite predictable, especially post the global financia crisis. The response of equity prices and the exchange rate to monetary policy surprises have the right sign but are not robust. We also find an asymmetric response of equity prices to minutes suggesting that market participants extract information on the status of the economy especially when minutes have a loosening effect. Finally, to look at the macroeconomic impact we find that a 100 bps monetary policy tightening shock implies a decline in economic activity (IMACEC) of about 2 pp. after one year, while the response of inflation is more muted.

Chile: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies

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Author :
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (253 download)

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Book Synopsis Chile: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies by :

Download or read book Chile: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies written by and published by . This book was released on 2004 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies by : John Hooley

Download or read book Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies written by John Hooley and published by International Monetary Fund. This book was released on 2023-06-02 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents case studies of central bank crisis interventions during the Covid-19 and the Global Financial Crises in four jurisdictions (Canada, Chile, the United Kingdom, and the United States). The paper serves as an Annex to the main IMF Working Paper WP/23/114 ‘Quasi-Fiscal Implications of Central Bank Crisis Interventions.’

Chile: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151357289X
Total Pages : 78 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Chile: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile by : International Monetary

Download or read book Chile: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile written by International Monetary and published by International Monetary Fund. This book was released on 2021-04-23 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chilean economy has been hit by the pandemic while recovering from the social unrest in late 2019, requiring substantial adjustment of economic policies and the appropriate use of existing policy buffers. Following a sharp decline in mid-2020, economic activity started recovering in 2020H2 in the wake of ample policy stimulus. Inflation remains near the policy target, with inflation expectations anchored, and the current account balance has improved amid a sharp drop in imports and relatively resilient exports. Fiscal and monetary policies remain guided by the structural fiscal balance rule and the inflation-targeting framework, respectively. Beyond the pandemic-related risks, there is uncertainty stemming from a series of elections and the outcome of a New Constitution process—scheduled to finish in mid-2022—which are expected to shape the public discourse and influence the policy agenda.

Chile

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1452782172
Total Pages : 53 pages
Book Rating : 4.4/5 (527 download)

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Book Synopsis Chile by : International Monetary Fund

Download or read book Chile written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-08-18 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation for Chile. The assessment reveals the Chilean banking system to be sound, resilient to shocks, and well supervised. Banks are well capitalized, profitable, internationally integrated, and have relatively low nonperforming loans. Stress tests indicate that they would absorb sizable macroeconomic shocks with only a moderate impact on their solvency. Although bank competition remains limited, it has increased significantly in recent years.