Monetary Instruments And Their Use During The Transition From A Centrally Planned To A Market Economy

Author : Mr.Paul Louis Ceriel Hilbers
Publisher : International Monetary Fund
ISBN 13 : 1451850948
Total Pages : 34 pages
Book Rating : 4.49/5 ( download)

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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.

Author : P. L. C. Hilbers
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.31/5 ( download)

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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:

Author : Paul Hilbers
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.37/5 ( download)

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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:

Author : Zeljko Šević
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959565
Total Pages : 480 pages
Book Rating : 4.60/5 ( download)

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Download or read book Banking Reforms in South-East Europe written by Zeljko Šević and published by Edward Elgar Publishing. This book was released on 2002-10-29 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . .Sevic offers an accessible and closely argued account of financial sector reform processes in Southeast Europe. Sevic's book is the result of an extensive research project on banking sector reform in the Southeast European transitional economies undertaken since late 1998. . . an extensive look at this timely volume will pay handsome dividends and could help devise successful business plans.' - Jens Bastian, Southeast European and Black Sea Studies 'The book will be a very agreeable reading to experts on the region. Its comprehensive analysis emphasises past and current conflicts, the recourse to currency board arrangements, and the persisting asymmetries with reference to the functioning of the banking system in Central Europe. . . Banking Reforms in South-East Europe is a book that college students in banking and financial markets, and banking analysts should read.' - Bruno S. Sergi, South-East Europe Review Banking Reforms in South-East Europe gives a critical and detailed overview of banking system restructuring in the transitional countries of South-Eastern Europe - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania and Yugoslavia - and offers suggestions for future reforms.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451957068
Total Pages : 244 pages
Book Rating : 4.68/5 ( download)

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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.

Author : A. Chandavarkar
Publisher : Springer
ISBN 13 : 0230371507
Total Pages : 289 pages
Book Rating : 4.07/5 ( download)

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Download or read book Central Banking in Developing Countries written by A. Chandavarkar and published by Springer. This book was released on 1996-10-31 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Mr.Tomás J. T. Baliño
Publisher : International Monetary Fund
ISBN 13 : 9781557755988
Total Pages : 316 pages
Book Rating : 4.81/5 ( download)

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Download or read book Instruments of Monetary Management written by Mr.Tomás J. T. Baliño and published by International Monetary Fund. This book was released on 1997-09-07 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have reformed their monetary instruments over the last few years. Edited by Tomas J.T. Balino and Lorena M. Zamalloa, this volume deals with the design, implementation, and coordination of major monetary policy instruments, highlighting relevant country experiences. In particular, it discusses how to adapt those instruments to the financial environment as well as how to help this environment to develop.

Author : A. Broome
Publisher : Springer
ISBN 13 : 0230278051
Total Pages : 219 pages
Book Rating : 4.59/5 ( download)

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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 219 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.

Author : Martha De Melo
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4./5 ( download)

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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:

Author : Ms.Mitra Farahbaksh
Publisher : International Monetary Fund
ISBN 13 : 1451848374
Total Pages : 32 pages
Book Rating : 4.73/5 ( download)

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Download or read book Bank-By-Bank Credit Ceilings written by Ms.Mitra Farahbaksh and published by International Monetary Fund. This book was released on 1996-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, and caused disintermediation. Despite the many distortions associated with the use of credit ceilings, some countries continue to employ them, particularly during the transitional period before full reliance on indirect monetary instruments. The paper argues that the careful attention to design can help reduce distortions typically associated with the use of credit ceilings. It identifies a series of principles that may be followed in designing a system that can minimize those distortions.