PSN: Central Banking & Reserves (Topic)最新文献

Quarterly Projection Model for the National Bank of Rwanda 卢旺达国家银行季度预测模型

PSN: Central Banking & Reserves (Topic) Pub Date : 2020-12-01 DOI: 10.5089/9781513564630.001.A001

J. Vlček, M. Pranovich, P. Hitayezu, Bruno Mwenese, Christian Nyalihama

引用次数: 3

Systematic Importance of Monetary Expansion on Economy Through the Impact of Balance of Payments; A Look Through the Sri Lankan Economy 1995–2018 从国际收支影响看货币扩张对经济的系统重要性回顾1995-2018年斯里兰卡经济

PSN: Central Banking & Reserves (Topic) Pub Date : 2020-02-26 DOI: 10.2139/ssrn.3544527

Kalhara Kathriarachchige

{"title":"Systematic Importance of Monetary Expansion on Economy Through the Impact of Balance of Payments; A Look Through the Sri Lankan Economy 1995–2018","authors":"Kalhara Kathriarachchige","doi":"10.2139/ssrn.3544527","DOIUrl":"https://doi.org/10.2139/ssrn.3544527","url":null,"abstract":"Monetary Policy and the Balance of Payments are key parameters in a country, in elevating the economy to the next favorable level. Balance of payments can be used as a measurement to understand whether the country in question is in debt to the rest of the world. Proper management of the mentioned parameters though different vital. The aim of this study is to analyze the impact of the monetary expansion on Balance of Payments. Furthermore, in order to identify the impact of monetary expansion on the balance of payment, paper investigates the fluctuation of interest rate, inflation rate and exchange rate on Balance of payment. For this purpose, data from Central Bank of Sri Lanka and world bank were collected for a sample period of twenty-three years from 1995 to 2018. In this regard, qualitative research though different literature sources and simple linear regression technique has been used. The data analyze concluded that there is a negative string relationship among the country's balance of Payment and broad money supply. Furthermore, it was noted that in Sri Lanka interest rate, inflation rate and the exchange rate to have a negative impact on the Balance of payments.","PeriodicalId":436944,"journal":{"name":"PSN: Central Banking & Reserves (Topic)","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116440786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Risk Management Maturity Assessment at Central Banks 中央银行的风险管理期限评估

PSN: Central Banking & Reserves (Topic) Pub Date : 2019-12-01 DOI: 10.5089/9781513521992.001

Nicolas Denewet, A. Manzanera, Sanjeev Matai, Elie Chamoun

引用次数: 2

A Study on Loan and Advances of a Commercial Bank 某商业银行贷款与垫款研究

PSN: Central Banking & Reserves (Topic) Pub Date : 2019-10-05 DOI: 10.2139/ssrn.3464783

Md. Ashabur Rahman

引用次数: 0

An Evaluation of the Central Bank of Nigeria's Cashless Policy 对尼日利亚中央银行无现金政策的评价

PSN: Central Banking & Reserves (Topic) Pub Date : 2019-09-24 DOI: 10.2139/ssrn.3458998

Ikemefuna Stephen Nwoye

引用次数: 0

What Happens If Central Banks Misdiagnose a Slowdown in Potential Output 如果央行误诊潜在产出放缓会发生什么

PSN: Central Banking & Reserves (Topic) Pub Date : 2019-09-01 DOI: 10.5089/9781513512532.001

B. Bakker

引用次数: 3

Independent Central Banks and the Interplay between Monetary and Fiscal Policy 独立的中央银行与货币与财政政策的相互作用

PSN: Central Banking & Reserves (Topic) Pub Date : 2017-11-20 DOI: 10.2139/ssrn.3076183

Athanasios Orphanides

引用次数: 11

Designing New Money - The Policy Trilemma of Central Bank Digital Currency 设计新货币——央行数字货币政策的三难困境

PSN: Central Banking & Reserves (Topic) Pub Date : 2017-06-13 DOI: 10.2139/ssrn.2985381

Ole Bjerg

{"title":"Designing New Money - The Policy Trilemma of Central Bank Digital Currency","authors":"Ole Bjerg","doi":"10.2139/ssrn.2985381","DOIUrl":"https://doi.org/10.2139/ssrn.2985381","url":null,"abstract":"The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy implications. In the ‘money user scenario’ CBDC co-exists with both cash and commercial bank deposits. In the ‘money manager scenario’ cash is abolished and CBDC co-exists only with commercial bank deposits. And in the ‘money maker scenario’ commercial bank deposits are abolished and CBDC co-exist only with cash. The evaluation is based on an adaption of the classical international monetary policy trilemma to a domestic monetary system with multiple forms of money. Our proposition is that a monetary system with two competing money creators, the central bank and the commercial banking sector, can simultaneously only pursue two out of the following three policy objectives: Free convertibility between CBDC and bank money, parity between CBDC and bank money, and central bank monetary sovereignty, which is the use of monetary policy for anything else than support for commercial bank credit creation. This means that the decision on the design of a monetary system with CBDC implies a crucial political decision on the priorities of the central bank.","PeriodicalId":436944,"journal":{"name":"PSN: Central Banking & Reserves (Topic)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127465291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 66

Settlement Risk in the Global FX Market: How Much Remains? 全球外汇市场的结算风险:还剩多少?

PSN: Central Banking & Reserves (Topic) Pub Date : 2016-10-26 DOI: 10.2139/ssrn.2827530

D. Kos, Richard M. Levich

{"title":"Settlement Risk in the Global FX Market: How Much Remains?","authors":"D. Kos, Richard M. Levich","doi":"10.2139/ssrn.2827530","DOIUrl":"https://doi.org/10.2139/ssrn.2827530","url":null,"abstract":"Settlement risk is a critical concern in all financial markets and especially so in foreign exchange markets where it poses the threat of complete loss. In this paper, we offer a historical look at how risk mitigation in FX settlement has developed over time. We rely on two surveys conducted by the BIS in 1997 and 2007 and a new survey conducted by CLS Bank in April 2013. Based on our review of the evidence, we find that the market has achieved significant progress in both developing and implementing techniques that have dramatically reduced exposure to FX settlement risk. The share of FX turnover settled by means of traditional correspondent bank arrangements has declined from 85% to 32% to 13% across the three surveys. CLS Bank which offers payment-versus-payment (PVP) settlement and virtually eliminates settlement risk now settles roughly half of all FX turnover. However, because of enormous growth in FX turnover, particularly in emerging market currencies where access to risk mitigation alternatives is less prevalent, the absolute value of FX turnover exposed to settlement risk remains large. Surprisingly, one-quarter of FX turnover in currencies eligible for PVP settlement using CLS Bank still relies on bilateral settlement with some exposure to settlement risk. These findings support the need for banks, industry groups and central banks to remain vigilant and continue their efforts to incentivize PVP settlement positively, making it widely available and utilized, or finding alternative risk mitigating solutions. We offer various approaches to deal with the remaining settlement risk.","PeriodicalId":436944,"journal":{"name":"PSN: Central Banking & Reserves (Topic)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133015792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Mexico's Monetary Policy Communication and Money Markets 墨西哥货币政策沟通与货币市场

PSN: Central Banking & Reserves (Topic) Pub Date : 2015-05-01 DOI: 10.2139/ssrn.3160530

A. Garcia-Herrero, E. Girardin, Arnoldo Lopez Marmolejo

引用次数: 0