United Arab Emirates : Technical Assistance Report - Liquidity Management and Forecasting.

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...

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Xehetasun bibliografikoak
Erakunde egilea: International Monetary Fund. Monetary and Capital Markets Department
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2022.
Saila:IMF Staff Country Reports; Country Report ; No. 2022/236
Gaiak:
Sarrera elektronikoa:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department. 
245 1 0 |a United Arab Emirates :   |b Technical Assistance Report - Liquidity Management and Forecasting. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (116 pages) 
490 1 |a IMF Staff Country Reports 
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 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. 
538 |a Mode of access: Internet 
650 7 |a International Agreements and Observance  |2 imf 
650 7 |a International Organizations  |2 imf 
650 7 |a Monetary Policy  |2 imf 
651 7 |a United Arab Emirates  |2 imf 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2022/236 
856 4 0 |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