Hidden Bibliographic Details
| Other authors / contributors: | Mitchell, Wayne, author.
Kantengwa, Angelique, author.
International Monetary Fund. African Department, issuing body.
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| ISBN: | 9781463975760
1463975767
9781463931827
1463931824
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| Notes: | At head of title: AFR.
Title from PDF title page (IMF Web site, viewed January 20, 2012).
"January 2012."
Includes bibliographical references.
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| Summary: | This paper analyzes the prudential liquidity management framework, in particular the quantitative indicators employed by the central bank of Rwanda in response to the domestic liquidity crisis in 2008/09. It emphasizes that the quantitative methods used in the monitoring and assessment of systemic liquidity risk are inadequate because they did not signal the liquidity crises ex-post. There are quick gains to be made from augmenting the liquidity risk indicators with more dynamic liquidity stress tests so that compliance will be achieved through lengthening the maturities of both assets and liabilities on the balance sheet as opposed to simply holding more liquid assets. The paper recommends that policy emphasis shift toward reforms that strengthen systemic liquidity risk assessment, monetary policy implementation as well as improve the efficiency of Rwanda's financial system.
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| Other form: | Print version: Fund, International Monetary. Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda. Washington : International Monetary Fund, ©2012 9781463931827
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