TY  - BOOK
AU  - Muñoz,Sònia
TI  - Central Bank Quasi-Fiscal Losses and High Inflation in Zimbabwe: A Note 
T2  - IMF Working Papers; Working Paper
SN  - 1451866623 :
SN  - 1018-5941
PY  - 2007///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - High Inflation
KW  - Monetary Fund
KW  - National Deficit Surplus
KW  - Open Market Operations
KW  - Quasi-Fiscal Deficit
KW  - Zimbabwe
N2  - Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and credibility of the Reserve Bank of Zimbabwe (RBZ). Realized quasi-fiscal losses are estimated to have amounted to about 75 percent of GDP in 2006. Because they were financed by creating money creation or issuing RBZ securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to eliminate the causes of losses by implementing measures to improve the cash-flow of the bank and restore its financial position
UR  - http://elibrary.imf.org/view/IMF001/01153-9781451866629/01153-9781451866629/01153-9781451866629.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451866629
ER  -