Georgia: Technical Assistance Report-Liquidity Management Operations
IMF Staff Country Reports, May 5, 2017
Source details
- Canonical URL
- Georgia: Technical Assistance Report-Liquidity Management Operations
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Bibliographic details
- Published: May 5, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475598087.002
Summary assessment
- 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.
Major themes and focus areas
- 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
Content in this bundle
- Country Report