Effectiveness of Central Banks and their role in the global financial crisis: Shamshad Akhtar, Henri Lorie and Arne Petersend. case of selected economies/

Cover;
Contents;
Currency Equivalents;
Abbreviations;
Glossary;
Acknowledgments;
Executive Summary;
Introduction;
Objectives;

Part I:
Regional Comparative Analysis;
The Macroeconomic Context; Development of Finance Sectors;
Legal Framework for Central Bank Activities;
Independence;
Relations with the Government; Governance Structure;

Banking Supervision and Regulation;
The Regulatory Structure;
Licensing Regime;
Loan Classifications and Provisioning;
Risk Management;
Bank Supervision Capacities;

Review of Monetary Policy Frameworks;
Monetary Policy and Financial Performance.
Interest Rates,
Inflation,
Growth, and Money Growth
Liquidity Management and Interest Rates Setting;
Experience with the Transmission Mechanism;
Exchange Rate Policy and International Reserves;
Other Factors Affecting Central Bank Effectiveness;
Financial Soundness of the Banking System;

Lessons and Policy Recommendations;
The Legal Framework; Macroeconomic Management and Challenges;
Monetary Policy Management and Challenges;
Maintaining Banking System Soundness;


Part II: Country Studies;
Caucasus and Central Asia;
Afghanistan; Armenia; Georgia;
The Kyrgyz Republic;
Tajikistan;
South Asia.