Central bank credit to the government : what can we learn from international practices? /
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| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2012. |
|---|---|
| Description: | 1 online resource (43 pages) : color charts |
| Language: | English |
| Series: | IMF working paper ; WP/12/16 IMF working paper ; WP/12/16. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499959 |
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| 050 | 4 | |a HG1811 |b .C46 2012eb | |
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 12/16eb | |
| 245 | 0 | 0 | |a Central bank credit to the government : |b what can we learn from international practices? / |c Luis I. Jácome [and others]. |
| 246 | 1 | |i At head of title: |a Monetary and Capital Markets Department | |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (43 pages) : |b color charts | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/12/16 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed January 19, 2012). | ||
| 520 | |a Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government expenditure; (ii) in a large number of emerging and developing countries, short-term financing is allowed in order to smooth out tax revenue fluctuations; (iii) in most countries, the terms and conditions of these loans are typically established by law, such that the amount is capped at a small proportion of annual government revenues, loans are priced at market interest rates, and their maturity falls within the same fiscal year; and (iv) in the vast majority of countries, financing other areas of the state, such as provincial governments and public enterprises, is not allowed. The paper does not address central banks' financial support during financial crises. | ||
| 500 | |a "January 2012." | ||
| 504 | |a Includes bibliographical references (page 43). | ||
| 505 | 0 | |a Cover; Contents; I. Introduction, Key Findings, and Recommendations; Boxes; 1. Review of the Literature; II. Characterizing Central Bank Lending to the Government; A. Modalities of Lending; B. Parameters for Lending; C. Data; III. Central Bank Lending to the Government: The Facts; A. Does Geography, Development, or the Exchange Rate Regime Matter?; Figures; 1. Legal Provisions for Central Bank Credit to the Government-By Region; 2: Legal Provisions for Central Bank Credit to the Government-By Level of Development and Exchange Rate Regime. | |
| 505 | 8 | |a B. If Lending to the Government is Allowed, under what Conditions?Tables; 1. Central Bank Advances/Loans to the Government -- Beneficiaries; 2. Central Bank Advances/Loans to the Government -- Who Sets Interest Rates; 3. Central Bank Advances/Loans to the Government -- Limits on the Amount; 4. Central Bank Advances/Loans to the Government-Maturity of Central Bank Loans; C. Basic Empirical Regularities; 5. Summary Statistics; 6. Pair-wise Correlations Between Selected Variables; IV. Final Remarks; Appendices; I. Credit Index; II. Preliminary Regression Analysis. | |
| 505 | 8 | |a 7. Ordinary Least Squares Regressions of Inflation on Credit Restrictions to the GovernmentIII. Central Bank Regulations on Credit to the Government-Sample of Countries; References. | |
| 650 | 0 | |a Banks and banking, Central |x Econometric models. | |
| 650 | 0 | |a Banks and banking, Central |x Law and legislation |x Econometric models. | |
| 650 | 0 | |a Bank loans |x Econometric models. | |
| 650 | 0 | |a Bank loans |x Law and legislation |x Econometric models. | |
| 650 | 0 | |a Expenditures, Public |x Econometric models. | |
| 650 | 6 | |a Banques centrales |x Modèles économétriques. | |
| 650 | 6 | |a Prêts bancaires |x Modèles économétriques. | |
| 650 | 6 | |a Dépenses publiques |x Modèles économétriques. | |
| 650 | 7 | |a Bank loans |x Econometric models. |2 fast |0 (OCoLC)fst00826709 | |
| 650 | 7 | |a Banks and banking, Central |x Econometric models. |2 fast |0 (OCoLC)fst00827041 | |
| 650 | 7 | |a Expenditures, Public |x Econometric models. |2 fast |0 (OCoLC)fst00918354 | |
| 655 | 0 | |a Electronic books. | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Jácome, Luis Ignacio, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Capital Markets Department, |e issuing body. | |
| 776 | 0 | 8 | |i Print version: |a Matamoros-Indorf, Marcela. |t Central Bank Credit to the Government: What Can We Learn from International Practices? |d Washington : International Monetary Fund, ©2012 |z 9781463931216 |
| 830 | 0 | |a IMF working paper ; |v WP/12/16. | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2012/016/001.2012.issue-016-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG1811.C46 2012eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2012/016/001.2012.issue-016-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12144107 | ||