Table of contents for Monetary policy implementation at different stages of market development / by a staff team led by Bernard J. Laurens.


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Part I. A Framework for Sequencing Reforms
I     Overview                                                    3
II    The Growing Reliance on Money Market Operations
for Monetary Policy                                          4
III   Lessons from Country Experiences                            7
IV   Implications for Policy Design and Coordination              I I
V     Agenda for Action to Enhance Monetary Policy Effectiveness  15
VI    Sequencing Reforms                                          19
VII  Implications for Fund Operations                            24
Part II. Selected Country Experiences with Money Market Operations
VIII Case Studies                                                29
Democratic Republic of the Congo                            30
Eastern Caribbean Currency Union                            35
Egypt                                                       39
The Gambia                                                  42
Kyrgyz Republic                                             48
Malta                                                       52
Tonga                                                       57
Tunisia                                                     61
Uganda                                                      67
Ukraine                                                     71
Vanuatu                                                     76
Zambia                                                      81
Appendixes
I Channels of Transmission of Monetary Policy              85
II Eligible Assets: European Central Bank and Banque de France  88
III Enhancing Liquidity Management and Forecasting          91
IV Cross-Country Experiences with a Liquidity Surplus       93
V Selected Country Experiences with Interbank Market Development  94



Library of Congress subject headings for this publication: Monetary policy Developing countries, Banks and banking, Central, Money market Developing countries