Bhutan : Technical Assistance Report-Royal Monetary Authority-Steps Towards a Liquidity Forecasting and Management Framework
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Setting up a liquidity forecasting framework would go a long way in establishing a key building block allowing the RMA to fulfil its legal mandate to formulate and implement monetary policy in ways better aligned with current central bank practices. By allowing the RMA to broaden its monetary instruments toolkit, a liquidity forecasting framework would: (i) facilitate monetary policy signaling, (ii) support the develop of a nascent money market, most notably the Government securities market, and (iii) allow banks to enhance their treasury function, leading to reduced liquidity costs and settlement risks.
Series:
Country Report No. 19/114
Subject:
Bank credit Central bank independence Central bank operations Central bank role Central Banks
English
Publication Date:
April 30, 2019
ISBN/ISSN:
9781498312417/1934-7685
Stock No:
1BTNEA2019001
Format:
Paper
Pages:
45
Please address any questions about this title to publications@imf.org