Systemic Liquidity Management in the U.A.E.: Issues and Options

December 1, 2009

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Format: Chicago

Alexandre Chailloux, and Dalia S Hakura. Systemic Liquidity Management in the U.A.E.: Issues and Options, (USA: International Monetary Fund, 2009) accessed September 20, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks through end-2008, the paper emphasizes the importance of making available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more comprehensive set of liquidity risk indicators. As regards the former, the paper discusses the merits and scope for the U.A.E. to introduce a domestic bond market.

Subject: Banking, Commercial banks, Liquidity, Liquidity management, Liquidity risk

Keywords: Bank, Central bank, Commercial bank, Lending, WP

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/261
Stock No:

WPIEA2009261
ISBN:

9781451874068
ISSN:

1018-5941

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