by A report by a Working Group established by the Asian Consultative Council of the Bank for International Settlements BIS Other | 27 November 2020 PDF full text (939kb) | 38 pages Under the direction of the Asian Consultative Council of the BIS at its February 2019 meeting, the BIS Representative Office for Asia and the Pacific set up a Working Group of regional central banks to examine their policy frameworks, focusing on capital flows, exchange rates, and the joint use of monetary, macroprudential, exchange rate and capital flow management policies. The Working Group is made up of members from the central banks and
Topics:
International Settlement considers the following as important:
This could be interesting, too:
Swiss National Bank writes 2021-01-15 – SNB Working Papers – The rise of digital watchers
Swiss National Bank writes 2021-01-15 – Financial markets – Public bonds of the Swiss Confederation according to maturity (situation at 15.01.2021)
Bank of Japan writes Authorization regarding the Special Deposit Facility to Enhance the Resilience of the Regional Financial System
Bank of Japan writes Minutes for the Eighteenth Meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks on December 25, 2020
A report by a Working Group established by the Asian Consultative Council of the Bank for International Settlements
Under the direction of the Asian Consultative Council of the BIS at its February 2019 meeting, the BIS Representative Office for Asia and the Pacific set up a Working Group of regional central banks to examine their policy frameworks, focusing on capital flows, exchange rates, and the joint use of monetary, macroprudential, exchange rate and capital flow management policies. The Working Group is made up of members from the central banks and monetary authorities of China, Hong Kong SAR, India, Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand, as well as observers from the central banks of Australia, Japan and New Zealand.
This report is the summary of the responses to two questionnaires, organised by different elements of policy frameworks. First, a detailed questionnaire provides a stocktake of how central banks model exchange rates and capital flows and incorporate these into their policy frameworks, and how they use various policy instruments to deal with challenges related to capital flows and exchange rates. Second, a short supplementary survey assesses changes in response to the Covid-19 pandemic, a shock that is serving as a severe stress test of policy frameworks in many jurisdictions in the Asia-Pacific region.