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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.
Widely respected as an authoritative and accessible reference work. The Statesman's Year-Book provides up-to-date world facts about every country in the world - constitution and government, international relations, industry, agriculture, trade and social issues. Known as a 'people, events and statistics' work, this year's edition includes accounts of the latest development in trouble-spots such as Israel and Northern Ireland, and records all recent election results.
The classic reference work that provides annually updated information on the countries of the world.
The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume examines the structures and decision-making processes behind the complex measures taken by the ECB to tackle some of the toughest economic challenges in the history of modern Europe.

Vanuatu

International Monetary Fund. Asia and Pacific Dept

Published: 2019-06-13

Total Pages: 87


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Four years after Cyclone Pam struck Vanuatu causing extensive damages, reconstruction is near completion with full recovery in sight. The authorities are now focused on implementing their broader development plans that were slowed by the rebuilding process, which will require fiscal discipline and reforms to maintain debt sustainability. The authorities should continue their constructive engagement with development partners for technical assistance, capacity development, and concessional and grant-based funding. In parallel continuing to reform and strengthen the governance of institutions and removing vulnerabilities to corruption will be important.
Reviews of previous editions: `This book should be in every office which is concerned with world trade and, indeed, in every school which produces the future traders. It is an essential tool of all global thinking.' - The Geographical Magazine The 132nd edition of The Statesman's Year-Book has been thoroughly revised and updated to present a political, economic and social record of the nations of the world in a period of continuing changes. Areas covered range from history, population, constitution and government, international relations, energy and natural resources, industry, agriculture, international trade, communications, industry, agriculture, justice, religion and education. Important features of this edition include recent developments in the European Union, Bosnia, Israel, Russia and South Africa, new national anthems, and updates on radio and television broadcasting services. Last year also saw the introduction of locator maps for each country. The Statesman's Year-Book was chosen by The Good Book Guide for Business as one of the 600 essential books for the international manager
The classic reference work that provides annually updated information on the countries of the world.