Hidden Bibliographic Details
| Other authors / contributors: | Gray, Simon (Simon Thorburn), 1957-
International Monetary Fund. Institute for Capacity Development.
International Monetary Fund. Monetary and Capital Markets Department.
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| ISBN: | 9781475590562
1475590563
1484337603
9781484337608
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| Notes: | Title from PDF title page (IMF Web site, viewed Sept. 24, 2013).
At head of title: Institute for Capacity Development and Monetary and Capital Markets Department.
Includes bibliographical references.
Online resource; title from PDF title page (IMF, viewed Apr. 4, 2017).
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| Summary: | This paper documents the main themes covered in two seminars (December 2011 and September 2012) on monetary policy and implementation at the IMF-Middle East Center for Economics and Finance, and includes country case studies. Against the backdrop of the global financial crisis and swings in cross-border capital flows, operational frameworks have become more flexible, and liquidity management has impacted the relationship between the policy rate corridor and market rates. The balance sheet structure of central banks in the Middle East and North Africa (MENA) shows differences between oil exporters and others, while a few countries have exhibited notable changes since early 2011. Collateral now has a significant financial stability function. Although only one MENA country is part of the G20, implementation of the Basel III bank capital adequacy and liquidity rules will most likely impact banks{u2019} way of doing business in MENA countries, even if indirectly.
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| Standard no.: | 10.5089/9781484337608.087
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