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

WPIEA2009261 Image
Price:  $18.00

Author/Editor: Alexandre Chailloux, Dalia Hakura
Release Date: © December, 2009
ISBN : 978-1-45187-406-8
Stock #: WPIEA2009261
English
Stock Status: Available

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Description

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.

Taxonomy

Economic cooperation , Economic policy , Financial crisis , International financial system , Monetary policy , Monetary unions




More publications in this series: Working Papers


More publications by: Alexandre Chailloux ; Dalia Hakura