The paper explores the various monetary policy strategies that may be pursued in the presence of dollarization, considers the implications of dollarization for the practical application and ...

What monetary policy instruments has the central bank used to achieve this objective, and what lessons has it learned in the process? Russia became independent at the end of 1991, when the Soviet ...

Due to this belief, most central banks pursue a slightly inflationary monetary policy to safeguard against deflation. Most modern central banks target the rate of inflation in a country as their ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...

Monetary Policy Instruments and how they are managed Monetary policy instruments are of two types namely qualitative instruments and quantitative instruments. The list of quantitative instruments ...

Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term ...