| Description |
1 online resource (30 pages) : illustrations |
| Series |
IMF working paper ; WP/12/20 |
|
IMF working paper ; WP/12/20.
|
| Contents |
Cover; IMF Working Paper: Prudential Liquidity Regulation in Developing Countries: A Case Study of Rwanda; Abstract; I. INTRODUCTION; II. CAUSE AND EFFECTS OF THE 2008 DOMESTIC LIQUIDITY CRISIS IN RWANDA; III. ANALYZING LIQUIDITY RISK EXPOSURE OF COMMERCIAL BANKS IN RWANDA; IV. SUMMARY OF FINDINGS AND POLICIES TO STRENGTHEN LIQUIDITY RISK MANAGEMENT IN RWANDA; V. CONCLUSION; Appendix 1: Maturity Gap Analysis; References |
| Summary |
This paper analyzes the prudential liquidity management framework, in particular the quantitative indicators employed by the central bank of Rwanda in response to the domestic liquidity crisis in 2008/09. It emphasizes that the quantitative methods used in the monitoring and assessment of systemic liquidity risk are inadequate because they did not signal the liquidity crises ex-post. There are quick gains to be made from augmenting the liquidity risk indicators with more dynamic liquidity stress tests so that compliance will be achieved through lengthening the maturities of both assets and liabilities on the balance sheet as opposed to simply holding more liquid assets. The paper recommends that policy emphasis shift toward reforms that strengthen systemic liquidity risk assessment, monetary policy implementation as well as improve the efficiency of Rwanda's financial system |
| Notes |
At head of title: AFR |
|
Title from PDF title page (IMF Web site, viewed January 20, 2012) |
|
"January 2012." |
| Bibliography |
Includes bibliographical references |
| Subject |
Financial risk management -- Rwanda -- Econometric models
|
|
Liquidity (Economics) -- Econometric models
|
|
Banks and banking, Central -- Rwanda -- Econometric models
|
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Banks and banking -- State supervision -- Rwanda -- Econometric models
|
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Global Financial Crisis, 2008-2009 -- Econometric models
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Banks and banking, Central -- Econometric models
|
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Econometric models
|
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Liquidity (Economics) -- Econometric models
|
|
Rwanda
|
| Form |
Electronic book
|
| Author |
Mitchell, Wayne, author.
|
|
Kantengwa, Angelique, author.
|
|
International Monetary Fund. African Department, issuing body.
|
| ISBN |
9781463975760 |
|
1463975767 |
|
9781463931827 |
|
1463931824 |
|
