Managing External Volatility : Policy Frameworks in Non-Reserve Issuing Economies /

Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs have utilized other policy instruments. This paper confirms the vulnerability of NREs to...

Full beskrivning

Bibliografiska uppgifter
Huvudupphovsman: Poirson, Helene
Övriga upphovsmän: Agur, Itai, Fayad, Ghada, Porter, Nathan
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/288
Länkar:Full text available on IMF
LEADER 01922cas a2200277 a 4500
001 AALejournalIMF021409
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781513564562 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Poirson, Helene. 
245 1 0 |a Managing External Volatility :   |b Policy Frameworks in Non-Reserve Issuing Economies /  |c Helene Poirson, Nathan Porter, Ghada Fayad, Itai Agur. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2020. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs have utilized other policy instruments. This paper confirms the vulnerability of NREs to external shocks and finds that in some circumstances managing such shocks with multiple instruments can both lessen the policy response required from any one policy tool to financial and external shocks and increase the effectiveness of policies in stabilizing macro-financial conditions. Effectiveness however does not always imply appropriateness, which rests on an evaluation of potential trade-offs and unintended consequences. 
538 |a Mode of access: Internet 
700 1 |a Agur, Itai. 
700 1 |a Fayad, Ghada. 
700 1 |a Porter, Nathan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/288 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2020/288/001.2020.issue-288-en.xml  |z IMF e-Library