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Systemic Liquidity Management in the U.A.E.: Issues and Options

Author

Listed:
  • Alexandre Chailloux
  • Ms. Dalia S Hakura

Abstract

The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also on an empirical analysis of data for 15 U.A.E. banks through end-2008, the paper emphasizes the importance of making available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more comprehensive set of liquidity risk indicators. As regards the former, the paper discusses the merits and scope for the U.A.E. to introduce a domestic bond market.

Suggested Citation

  • Alexandre Chailloux & Ms. Dalia S Hakura, 2009. "Systemic Liquidity Management in the U.A.E.: Issues and Options," IMF Working Papers 2009/261, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2009/261
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    References listed on IDEAS

    as
    1. Mr. Peter Stella & Seiichi Shimizu & Mr. Simon T Gray & Mr. Ulrich H Klueh & Alexandre Chailloux, 2008. "Central Bank Response to the 2007–08 Financial Market Turbulence: Experiences and Lessons Drawn," IMF Working Papers 2008/210, International Monetary Fund.
    2. John H. Boyd & Mr. Gianni De Nicolo & Abu M. Jalal, 2009. "Bank Competition, Risk, and Asset Allocations," IMF Working Papers 2009/143, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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