Central Bank Quasi Fiscal Losses And High Inflation In Zimbabwe
Download Central Bank Quasi Fiscal Losses And High Inflation In Zimbabwe full books in PDF, epub, and Kindle. Read online free Central Bank Quasi Fiscal Losses And High Inflation In Zimbabwe ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Sònia Muñoz |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2007-04 |
| Genre | : Business & Economics |
| ISBN | : |
Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and credibility of the Reserve Bank of Zimbabwe (RBZ). Realized quasi-fiscal losses are estimated to have amounted to about 75 percent of GDP in 2006. Because they were financed by creating money creation or issuing RBZ securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to eliminate the causes of losses by implementing measures to improve the cash-flow of the bank and restore its financial position.
| Author | : Philipp Lehmbecker |
| Publisher | : Peter Lang |
| Total Pages | : 276 |
| Release | : 2008 |
| Genre | : Banks and banking, Central |
| ISBN | : 9783631580769 |
This book investigates to what extent the quality of eligible collateral is able to explain inflation. Addressing this question, hypotheses derived from the Theory of Property Economics by Heinsohn & Steiger are tested. Data are collected using a questionnaire, answered by central banks. An index of the quality of eligible collateral is constructed. Regression analyses are performed based on a sample of 62 countries for the period 1990 to 2003. A negative, robust and statistically significant correlation between inflation and the quality of eligible collateral is found. Central bank independence cannot contribute to the explanation of inflation. The result supports the theory of Heinsohn & Steiger: Securitisation of central bank lending is crucial for price stability.
| Author | : Mr.Peter Stella |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 1997-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1451850506 |
Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument.
| Author | : George Kararach |
| Publisher | : Oxford University Press |
| Total Pages | : 575 |
| Release | : 2016-02-11 |
| Genre | : Business & Economics |
| ISBN | : 019106470X |
This volume provides an accessible and up-to-date account of the difficulties that the Zimbabwean economy and its population experienced during the crisis which peaked in 2008. It details the suffering and chaos that befell the country with dramatic socio-economic consequences on growth, macroeconomic stability, service delivery, livelihoods, and development. The volume seeks to provide a political economy analysis of leadership and economic management in developing economies based on Zimbabwe's experience. It examines the triggers of the crisis, and the negative impact on productive sectors such as manufacturing and agriculture, social sectors such as education and health, and on financial services. The volume will be of interest to students of policy and economic management, as well as to government departments, central banks in developing countries, development agencies, donors, and NGOs.
| Author | : International Monetary Fund. African Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 42 |
| Release | : 2013-09-09 |
| Genre | : Business & Economics |
| ISBN | : 1484324072 |
This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.
| Author | : Sue Milton |
| Publisher | : Routledge |
| Total Pages | : 225 |
| Release | : 2010-10-12 |
| Genre | : Business & Economics |
| ISBN | : 1136895906 |
This collection takes the reader through historical, theoretical and factual discussions on why central banks exist and the role – actual and intended – they have in assisting their home nation in achieving monetary and financial stability.
| Author | : Rose Jaji |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 233 |
| Release | : 2023-02-13 |
| Genre | : Social Science |
| ISBN | : 1793653240 |
This book addresses the paradox of non-migration in the context of a protracted economic unrest. Rose Jaji discusses how individual subjectivities mediate macroeconomic factors in Zimbabwe and critiques simplistic explanations of non-migration, paying particular attention the complexities and contradictions involved in the decision not to migrate.
| Author | : Mrs.Sage De Clerck |
| Publisher | : International Monetary Fund |
| Total Pages | : 470 |
| Release | : 2015-03-10 |
| Genre | : Business & Economics |
| ISBN | : 1498379214 |
The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 49 |
| Release | : 2009-05-11 |
| Genre | : Business & Economics |
| ISBN | : 1451841523 |
Economic and social indicators in Zimbabwe worsened significantly in 2008. Real GDP is estimated to have fallen by about 14 percent in 2008 owing to economic disruptions caused by hyperinflation and a further significant deterioration in the business climate. Executive Directors have welcomed the authorities’ Short-Term Emergency Recovery Program (STERP) that is based on sound principles of macroeconomic management. Directors have also underscored the importance of establishing fiscal discipline while ensuring the delivery of essential public services.
| Author | : |
| Publisher | : |
| Total Pages | : 189 |
| Release | : 2009 |
| Genre | : Banks and banking, Central |
| ISBN | : 9789291317912 |
This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s. The need to deal with chronic inflation in the 1970s and 1980s prompted the identification of price stability as a formal central bank objective and led to a significant reworking of governance arrangements. The current global financial crisis could have equally important implications for central banks, particularly with respect to their role in fostering financial stability. Although it is too early to know how central banking will change as a result, the report takes an important first step in identifying governance questions that the crisis poses.
