Georgia: Technical Assistance Report-Liquidity Management Operations

May 5, 2017

Summary

This Technical Assistance Report presents an assessment of liquidity management operations in Georgia. The National Bank of Georgia (NBG) has embarked on an ambitious project to strengthen monetary policy implementation so that its actions under normal circumstances are seen by the market as both credible and predictable. Overall, the NBG strategic framework is guided by the need to strike a balance. The NBG is actively implementing its new liquidity coverage ratio as a way of better capturing the liquidity risks of banks. NBG credibility around its monetary policy operations could be further supported through the creation of an operational guideline.

Subject: Asset and liability management, Banking, Collateral, Credit, Financial institutions, Financial regulation and supervision, Foreign exchange, Liquidity, Liquidity requirements, Money

Keywords: central bank, Collateral, CR, Credit, FX intervention, Global, ISCR, Liquidity, Liquidity requirements, market, monetary policy, NBG balance sheet, NBG issuance, NBG law, NBG liquidity management arrangement, NBG policy action, NBG response, NBG sterilization

Pages:
22
Volume:
2017
DOI:
https://doi.org/10.5089/9781475598087.002
Issue:
107
Series:
Country Report No. 2017/107
Stock No:
1GEOEA2017002
ISBN:
9781475598087
ISSN:
1934-7685

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