Central Banking

IMF reviews response to turmoil

International Monetary Fund research analysing the response to the recent credit crunch suggests that central banks should develop common elements in their operational frameworks.

The paper believes the major central banks should all adopt the four elements that the data indicates were most instrumental in calming markets.

These were:

· rapid liquidity provision to a broad range of counterparties;

· a congruence of collateral policies with market developments;

· an ability to raise the average

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account
Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.