 | Quality of Financial Policies and Financial System Stress Author/Editor: Udaibir S Das, Plamen Yossifov, Richard Podpiera, Dmitriy Rozhkov. Release Date:September, 2005 In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that more...
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| The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments : An Analytical Framework Author/Editor: Plamen Yossifov. Release Date:December, 2002 In this paper, we introduce credit ceilings in the standard model of the money multiplier and analyze their role in central bank's management of money supply in the presence of indirect monetary more...
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