Fund Transactions and Reserve Creation

Fund Transactions and Reserve Creation

Author: Samir Fawzi

Publisher: International Monetary Fund

Published: 1992-12-01

Total Pages: 28

ISBN-13: 1451946740

DOWNLOAD EBOOK

This paper describes the effects of Fund transactions on members’ external reserves, estimates the net reserve creation or absorption by the Fund in the 1980s, and compares the role of the Fund in this respect with that of other sources of international reserves.


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

DOWNLOAD EBOOK

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


Federal Reserve's Commercial Paper Funding Facility

Federal Reserve's Commercial Paper Funding Facility

Author: Tobias Adrian

Publisher: DIANE Publishing

Published: 2010-06

Total Pages: 38

ISBN-13: 1437929303

DOWNLOAD EBOOK

The Federal Reserve (FR) created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Lehman Bros. on Sept. 15, 2008. The CPFF finances the purchase of highly rated unsecured and asset-backed commercial paper from eligible issuers via primary dealers. The facility is a liquidity backstop to U.S. issuers of commercial paper, and its creation was part of a range of policy actions undertaken by the FR to provide liquidity to the financial system. This report documents aspects of the financial crisis relevant to the creation of the CPFF, reviews the operation of the CPFF, discusses use of the facility, and draws conclusions for lender-of-last-resort facilities. Charts and tables.


International Reserves and Foreign Currency Liquidity

International Reserves and Foreign Currency Liquidity

Author: International Monetary Fund. Statistics Dept.

Publisher: International Monetary Fund

Published: 2015-01-07

Total Pages: 258

ISBN-13: 1484350162

DOWNLOAD EBOOK

This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.


Central Bank Balances and Reserve Requirements

Central Bank Balances and Reserve Requirements

Author: Mr.Simon Gray

Publisher: International Monetary Fund

Published: 2011-02-01

Total Pages: 57

ISBN-13: 1455217905

DOWNLOAD EBOOK

Most central banks oblige depository institutions to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank. The role of these reserve requirements has evolved significantly over time. The overlay of changing purposes and practices has the result that it is not always fully clear what the current purpose of reserve requirements is, and this necessarily complicates thinking about how a reserve regime should be structured. This paper describes three main purposes for reserve requirements - prudential, monetary control and liquidity management - and suggests best practice for the structure of a reserves regime. Finally, the paper illustrates current practices using a 2010 IMF survey of 121 central banks.


The (Other) Deleveraging

The (Other) Deleveraging

Author: Mr.Manmohan Singh

Publisher: International Monetary Fund

Published: 2012-07-01

Total Pages: 22

ISBN-13: 1475505272

DOWNLOAD EBOOK

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show that post-Lehman there has been a significant decline in the interconnectedness in the pledged collateral market between banks and nonbanks. We find that both the collateral and its associated velocity are not rebounding as of end-2011 and still about $4-5 trillion lower than the peak of $10 trillion as of end-2007. This paper updates Singh (2011) and we use this data to compare with the monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that likely impacts the conduct of global monetary policy.


Balance of Payments Textbook

Balance of Payments Textbook

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1996-04-15

Total Pages: 159

ISBN-13: 1557755701

DOWNLOAD EBOOK

The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.


Guidelines for Foreign Exchange Reserve Management

Guidelines for Foreign Exchange Reserve Management

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2004-08-16

Total Pages: 34

ISBN-13: 9781589062603

DOWNLOAD EBOOK

These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.