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|c 20.00 USD
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|z 9798400215759
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b Monetary and Capital Markets Department.
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|a United Arab Emirates :
|b Technical Assistance Report - Liquidity Management and Forecasting.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2022.
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|a 1 online resource (116 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The new Dirham Monetary Framework developed by the Central Bank of the United Arab Emirates (CBUAE) operationalizes a floor system and provides a complete set of instruments to manage liquidity under a fixed exchange rate arrangement and capital mobility. This technical assistance report presents an overview of this operational framework and a set of recommendations to streamline and further improve it especially with regards to: (i) the discontinuation of the FX swap facility; (ii) the issuance of central bank bills; (iii) the design of fine-tuning operations; and (iv) the design and calibration of the reserves requirements. Moreover, the report provides a complete liquidity forecasting infrastructure, using cutting-edge statistical methods, to project the changes in the supply of banks reserves through the forecast of the three main autonomous factors. It also offers a statistical approach to estimate the optimal liquidity surplus and calibrate the operational mix between the different liquidity absorptions instruments. At last, the report investigates the functioning and structure of the UAE money markets.
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|a Mode of access: Internet
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|a International Agreements and Observance
|2 imf
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|a International Organizations
|2 imf
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|a Monetary Policy
|2 imf
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|a United Arab Emirates
|2 imf
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|a IMF Staff Country Reports; Country Report ;
|v No. 2022/236
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|z Full text available on IMF
|u https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=236
|z IMF e-Library
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