The Central Bank Transparency Code
Title | The Central Bank Transparency Code PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | INTERNATIONAL MONETARY FUND |
Pages | 132 |
Release | 2020-07-30 |
Genre | Business & Economics |
ISBN | 9781513551814 |
The paper reports to the Executive Board on its decision of April 29, 2019, to prepare an IMF Central Bank Transparency Code (CBT), which is linked to the 2017 Review of the Standards and Codes Initiative (RSCI), for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked that the CBT should remove the overlap on financial policies covered by other international standards, expand the transparency standards to broader set of activities undertaken by many central banks since the 2008 financial crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.
The Central Bank Transparency Code—Findings Of The Pilot Reviews
Title | The Central Bank Transparency Code—Findings Of The Pilot Reviews PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | International Monetary Fund |
Pages | 32 |
Release | 2023-03-15 |
Genre | Business & Economics |
ISBN |
This paper reports to the Executive Board on the outcomes of the Central Bank Transparency Code (CBT) pilot reviews. The pilot CBT reviews helped central banks evaluate their transparency practices and strengthen dialogue with external stakeholders. The CBT pilots provided valuable information on the resources required for the reviews going forward. Staff will continue to offer CBT reviews to the rest of the membership. The staff will report back to the Board in FY2026 on the progress of the CBT reviews and an update to the Code following five years of implementation.
Central Bank Transparency Code Review— Guidance Note
Title | Central Bank Transparency Code Review— Guidance Note PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | International Monetary Fund |
Pages | 40 |
Release | 2023-11-17 |
Genre | Business & Economics |
ISBN |
This document provides guidance and practical suggestions for conducting reviews of the Central Bank Transparency Code (CBT) to IMF staff and experts conducting reviews, as well as to the central banks participating or intending to participate in the CBT review.
An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank
Title | An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank PDF eBook |
Author | Rania A. Al-Mashat |
Publisher | International Monetary Fund |
Pages | 72 |
Release | 2018-10-01 |
Genre | Business & Economics |
ISBN | 1484379535 |
This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Policy Analysis System (FPAS) to implement a full-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy objectives, the FPAS designed to support IFT, and the monetary policymaking process. For the CNB, all three components have shown substantial improvements over time but a few gaps remain. The CNB is currently working on eliminating some of these gaps.
Chile: Central Bank Transparency Code Review
Title | Chile: Central Bank Transparency Code Review PDF eBook |
Author | International Monetary |
Publisher | International Monetary Fund |
Pages | 108 |
Release | 2021-06-16 |
Genre | Business & Economics |
ISBN | 1513573225 |
The Central Bank of Chile (CBC) has implemented broadly advanced transparency practices. This reflects the CBC’s strong public commitment to transparency, which is anchored in the law and has been designated by the CBC as a strategic objective to fulfill its mandate. This policy has earned the CBC the broad trust of its stakeholders and has paid significant dividends for the CBC in terms of safeguarding its autonomy and ensuring its policy effectiveness.
Republic of North Macedonia: Central Bank Transparency Code Review
Title | Republic of North Macedonia: Central Bank Transparency Code Review PDF eBook |
Author | International Monetary |
Publisher | International Monetary Fund |
Pages | 128 |
Release | 2022-01-28 |
Genre | Business & Economics |
ISBN |
The National Bank of the Republic of North Macedonia (NBRNM) is implementing advanced transparency practices. The long-standing commitment to transparency noted by a number of stakeholders and forcefully re-affirmed in the recent period is well anchored in the law, and it has been designated by the NBRNM as a strategic objective to fulfill its mandate. This policy has earned the NBRNM noteworthy trust from stakeholders met by the mission, and it has paid significant dividends in terms of anchoring its autonomy and ensuring policy effectiveness.
Update The Monetary And Financial Policies Transparency Code
Title | Update The Monetary And Financial Policies Transparency Code PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | International Monetary Fund |
Pages | 48 |
Release | 2019-05-13 |
Genre | Business & Economics |
ISBN | 1498314503 |
The paper responds to a request made by the Executive Board at the time of the 2017 Review of the Standards and Codes Initiative (RSCI) for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked staff that the new code remove the overlap on financial policies covered by other standards, expand the transparency standards to broader set of activities undertaken by many central banks since the Global Financial Crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.