Update The Monetary And Financial Policies Transparency Code
May 13, 2019
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The paper responds to a request made by the Executive Board at the time of the 2017 Review of the Standards and Codes Initiative (RSCI) for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked staff that the new code remove the overlap on financial policies covered by other standards, expand the transparency standards to broader set of activities undertaken by many central banks since the Global Financial Crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.
Subject: Banking, Central bank accountability, Central bank governance, Central bank mandate, Central bank transparency, Central banks, Financial crises, Global financial crisis of 2008-2009
Keywords: CBT assessment, CBT code, central bank, Central bank accountability, Central bank governance, Central bank mandate, Central bank transparency, Global, Global financial crisis of 2008-2009, IMF Executive Board reviews proposal, IMF program context, monetary policy, PP, support IMF surveillance
Pages:
48
Volume:
2019
DOI:
Issue:
011
Series:
Policy Paper No. 2019/011
Stock No:
PPEA2019011
ISBN:
9781498314503
ISSN:
2663-3493
