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

Author/Editor: Chailloux, Alexandre ; Hakura, Dalia
Publication Date: December 01, 2009
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(s): Banking sector | Central bank policy | Exchange rate regimes | Financial crisis | Financial instruments | Global Financial Crisis 2008-2009 | Liquidity management | Monetary measures | Monetary policy | Monetary unions | United Arab Emirates

Author's Keyword(s): Liquidity management | U.A.E.
Publication Date: December 01, 2009
Format: Paper
Stock No: WPIEA2009261 Pages: 30
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to