Further Consideration of a New Liquidity Instrument for Market Access Countries - Design Issues

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Publisher : International Monetary Fund
ISBN 13 : 1498333788
Total Pages : 26 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Further Consideration of a New Liquidity Instrument for Market Access Countries - Design Issues by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Further Consideration of a New Liquidity Instrument for Market Access Countries - Design Issues written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2007-02-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on a specific set of issues -- qualification criteria, monitoring structure, access levels and terms, links to other Fund facilities, and links to the private sector. This paper is a complement and follow-up to an earlier paper, which itself considered the broader issues involved in creating a new instrument. The paper does not put forward a concrete proposal to Directors, but seeks to achieve a further convergence of views on these key issues.

Further Consideration of a New Liquidity Instrument for Market Access Countries

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Further Consideration of a New Liquidity Instrument for Market Access Countries by : Internationaler Währungsfonds

Download or read book Further Consideration of a New Liquidity Instrument for Market Access Countries written by Internationaler Währungsfonds and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on a specific set of issues -- qualification criteria, monitoring structure, access levels and terms, links to other Fund facilities, and links to the private sector. This paper is a complement and follow-up to an earlier paper, which itself considered the broader issues involved in creating a new instrument. The paper does not put forward a concrete proposal to Directors, but seeks to achieve a further convergence of views on these key issues.

Consideration of a New Liquidity Instrument for Market Access Countries

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Consideration of a New Liquidity Instrument for Market Access Countries by : Internationaler Währungsfonds

Download or read book Consideration of a New Liquidity Instrument for Market Access Countries written by Internationaler Währungsfonds and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to consider key issues in the design of a new liquidity instrument for market access countries. It reviews the motivations and challenges of creating such an instrument and lays out options and issues related to four key design elements. Recognizing the need to consider the relationship between these elements, the paper sets out an example of how they might be combined in a lending instrument - called here the Reserve Augmentation Line, or RAL. It also discusses risks.

Consideration of a New Liquidity Instrument for Market Access Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498332382
Total Pages : 21 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Consideration of a New Liquidity Instrument for Market Access Countries by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Consideration of a New Liquidity Instrument for Market Access Countries written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2006-04-08 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to consider key issues in the design of a new liquidity instrument for market access countries. It reviews the motivations and challenges of creating such an instrument and lays out options and issues related to four key design elements. Recognizing the need to consider the relationship between these elements, the paper sets out an example of how they might be combined in a lending instrument – called here the Reserve Augmentation Line, or RAL. It also discusses risks.

Review of the Fund's Financing Role in Member Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498334326
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Fund's Financing Role in Member Countries by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Review of the Fund's Financing Role in Member Countries written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2008-08-28 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper raises and discusses issues related to how the Fund provides financial assistance to its members. It is part of the strategic review to ensure the Fund remains relevant and effective. The objective is not to increase Fund lending, but to make sure the Fund has the right instruments and policies to help all of its members—with appropriate protection of Fund resources—as they integrate into a world of growing and increasingly complex cross-border flows. Other institutions (including major central banks and the World Bank) also are retooling their lending instruments and in the process grappling with similar issues. The paper offers a high-level view of the issues and does not make specific policy proposals. Policy proposals will be presented in follow-up papers, some of which are planned for Board discussion later in 2008.

The Fund’s Mandate - The Future Financing Role - Reform Proposals

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Publisher : International Monetary Fund
ISBN 13 : 1498337228
Total Pages : 34 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Fund’s Mandate - The Future Financing Role - Reform Proposals by : International Monetary Fund. Legal Dept.

Download or read book The Fund’s Mandate - The Future Financing Role - Reform Proposals written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2010-11-08 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the implications of the Fund accepting membership in the Financial Stability Board (“FSB”). The FSB Charter (the ?Charter?) explicitly contemplates the possibility of the Fund and the other international financial institutions becoming members but notes that ?the acceptance of membership by the international financial institutions (IFIs) in the FSB is subject to the approval of their respective governing bodies.? An Executive Board decision is required for the Fund to accept membership and is proposed below.

Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options

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Publisher : International Monetary Fund
ISBN 13 : 1498336310
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options by : International Monetary Fund. Legal Dept.

Download or read book Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2009-06-02 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the ongoing review of Fund facilities, this paper examines the analytical basis for Fund lending in emerging market countries and provides a broad-ranging perspective for reforming the General Resources Account (GRA) lending toolkit. The Fund’s important lending role in crisis prevention and resolution is buttressed by its unique characteristics: (i) its ability as a nonatomistic lender to provide large-scale financing and reduce the likelihood of a run by private creditors; (ii) its ability as a cooperative institution with near-universal membership to agree conditionality with members, thus providing national authorities with a policy commitment tool to underpin confidence and catalyze private lending; and (iii) its de facto preferred creditor status, which allows it to provide crisis financing when private creditors may be reluctant to lend.

International Reserves and Foreign Currency Liquidity

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Publisher : International Monetary Fund
ISBN 13 : 1484350162
Total Pages : 258 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis International Reserves and Foreign Currency Liquidity by : International Monetary Fund. Statistics Dept.

Download or read book International Reserves and Foreign Currency Liquidity written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2015-01-07 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.

Fund Financial Support and Moral Hazard - Analytics and Empirics

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Publisher : International Monetary Fund
ISBN 13 : 1498333737
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fund Financial Support and Moral Hazard - Analytics and Empirics by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Fund Financial Support and Moral Hazard - Analytics and Empirics written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2007-02-03 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Fund financial support helps reduce the expected cost of crises, members and markets might engage in greater risk-taking; in other words, moral hazard. Empirically, however, the Fund’s rate of charge has adequately reflected the default risk it faces and the high political, social, and economic costs of crises are likely to limit debtor moral hazard. As regards the design of a contingent, crisis prevention instrument, the use of qualification standards can help address issues of debtor moral hazard directly. In addition, the small amounts of Fund financial support -- in relation to a country's financial needs -- suggest that creditor moral hazard is likely to be limited. While existing empirical tests are far from definitive, the paper suggests that creditor moral hazard is less likely to be a concern after the Fund sent the signal in mid-1998 that it would interrupt support when program success is unlikely.

The Fund's Lending Framework and Sovereign Debt-Further Considerations

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781498344739
Total Pages : 99 pages
Book Rating : 4.3/5 (447 download)

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Book Synopsis The Fund's Lending Framework and Sovereign Debt-Further Considerations by :

Download or read book The Fund's Lending Framework and Sovereign Debt-Further Considerations written by and published by INTERNATIONAL MONETARY FUND. This book was released on 2015-09-04 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: In discussing the June 2014 paper, Executive Directors broadly supported staff’s proposal to introduce more flexibility into the Fund’s exceptional access framework to reduce unnecessary costs for the member, its creditors, and the overall system. Directors’ views varied on staff’s proposal to eliminate the systemic exemption introduced in 2010. Many Directors favored removing the exemption but some others preferred to retain it and requested staff to consult further with relevant stakeholders on possible approaches to managing contagion. This paper offers specific proposals on how the Fund’s policy framework could be changed, presents staff’s analysis on the specific issue of managing contagion, and addresses some implementation issues. No Board decision is proposed at this stage. The paper is consistent with the Executive Board’s May 2013 endorsement of a work program focused on strengthening market-based approaches to resolving sovereign debt crises.

A Primer on Managing Sovereign Debt-Portfolio Risks

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484350545
Total Pages : 133 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis A Primer on Managing Sovereign Debt-Portfolio Risks by : Thordur Jonasson

Download or read book A Primer on Managing Sovereign Debt-Portfolio Risks written by Thordur Jonasson and published by International Monetary Fund. This book was released on 2018-04-06 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.

Bank of Canada Review

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Bank of Canada Review by : Bank of Canada

Download or read book Bank of Canada Review written by Bank of Canada and published by . This book was released on 2007 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Statement by the Managing Director on the Interim Work Program of the Executive Board

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498333079
Total Pages : 15 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Statement by the Managing Director on the Interim Work Program of the Executive Board by : International Monetary Fund

Download or read book Statement by the Managing Director on the Interim Work Program of the Executive Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-12-14 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interim work program statement reflects the imperative of accelerating the process of reform that has been underway in the Fund for some time.

International Convergence of Capital Measurement and Capital Standards

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Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Osaka City University Economic Review

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (9 download)

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Book Synopsis Osaka City University Economic Review by :

Download or read book Osaka City University Economic Review written by and published by . This book was released on 2008 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Net Stable Funding Ratio

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Publisher : International Monetary Fund
ISBN 13 : 1498358586
Total Pages : 43 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Net Stable Funding Ratio by : Jeanne Gobat

Download or read book The Net Stable Funding Ratio written by Jeanne Gobat and published by International Monetary Fund. This book was released on 2014-06-12 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This paper complements earlier quantitative impact studies by discussing the potential impact of introducing the NSFR based on empirical analysis of end-2012 financial data for over 2000 banks covering 128 countries. The calculations show that a sizeable percentage of the banks in most countries would meet the minimum NSFR prudential requirement at end-2012, and, further, that larger banks tend to be more vulnerable to the introduction of the NSFR. Additionally, by comparing the NSFR to other structural funding mismatch indicators, we find that the NSFR is a relatively consistent regulatory measure for capturing banks’ funding risk. Finally, the paper discusses key policy issues for consideration in implementing the NSFR.

International Monetary Fund Annual Report 2007

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781589066632
Total Pages : 74 pages
Book Rating : 4.0/5 (666 download)

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Book Synopsis International Monetary Fund Annual Report 2007 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2007 written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-10-17 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Annual Report 2007 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2006, through April 30, 2007). This year’s Report has been streamlined and translated into three more languages than in the past: Arabic, Japanese, and Russian. Besides an Overview, the chapters cover promoting financial and macroeconomic stability and growth through surveillance; program support; capacity building; technical assistance and training; and the IMF’s governance, organization, and finances. The full financial statements for the year and other appendixes are provided on a CD-ROM.