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Best practice / Research: For first time, Central Banks` Markets Committee releases details on monetary policy frameworks and market operations of 21 members, Research: How to avoid data overkill in research and still ensure quality decisions, White Paper examines facing financial institutions` vulnerability and best practices for liquidity risk management going forward

Tuesday, December 18, 2007

Opalesque Exclusive: For first time, Central Banks` Markets Committee releases details on monetary policy frameworks and market operations of 21 members The Markets Committee is today releasing, for the first time, information on the monetary policy frameworks and market operations of its members. Monetary policy frameworks and central bank market operations describes, for each central bank, the main features of:

monetary policy committees (or similar decision-making bodies);
policy implementation (key policy rate, operational target, etc);
market operations (main instruments, eligible collateral, etc); and
monetary policy communication.

The Committee believes that sharing such information, which has been useful in its own discussions, with market participants and the public at large could enhance market transparency and the understanding of central bank actions. The information will be updated regularly.

The Markets Committee, established in 1962, comprises senior officials responsible for market operations at 21 central banks from the G10 and some of the largest non-G10 economies. The Committee’s discussions focus on recent developments in financial markets, possible future trends, and the short-run implications of current events for the functioning of these markets and central bank operations. The Committee also serves as a forum for central banks to discuss the specifics of their own market operations.

The Markets C......................

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