Government Cash Management: Relationship between the Treasury and the Central Bank

January 16, 2013

Preview Citation

Format: Chicago

Mario Pessoa, and Michael J. Williams Government Cash Management: Relationship between the Treasury and the Central Bank, (USA: International Monetary Fund, 2013) accessed September 19, 2024

Also available in: español

Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This technical note and manual (TNM) addresses the following main issues: Interaction between treasury cash management and monetary policy operations within the wider context of the respective economic responsibilities of the ministry of finance and the central bank; Institutional arrangements for an effective relationship between the treasury and the central bank; Contractual arrangements between the treasury and the central bank for the provision of banking and other services. This document will be particularly relevant to developing countries that are reforming cash management operations or contemplating more active cash management; or where there are operational policy differences between the treasury and the central bank.

Subject: Banking, Commercial banks, Currencies, Financial institutions, Government cash forecasting, Government cash management, Money, Public financial management (PFM), Treasury Single Account

Keywords: Africa, Balance, Banking system, Central bank, Central bank recapitalization, Commercial banks, Currencies, Debt management, Fiscal policy, Government cash forecasting, Government cash management, Interest rate, Market, Monetary policy, Monetary policy operation, Policy rate, Public finance, Public financial management, TNM, Treasury, Treasury single account

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Technical Notes and Manuals No. 2012/002
Stock No:

TNMEA2012002
ISBN:

9781616355487
ISSN:

2075-8669

Notes

Full text also available in Spanish.

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