Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Systemic Liquidity Management

May 27, 2010

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Format: Chicago

Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Systemic Liquidity Management, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This Technical Note reviews Systemic Liquidity Management in Serbia. The liquidity management framework in Serbia, although generally efficient, is constrained by instability in the demand for excess reserves. The demand for excess reserves is generally a function of the quality of the systemic liquidity management by the central bank, the technical capability of commercial banks’ treasurers to manage their balances adequately, and the overall efficiency of payment systems facilities for money market participants. The relatively high and unstable demand for excess reserves is therefore somewhat puzzling in Serbia.

Subject: Asset and liability management, Banking, Currencies, Financial institutions, Liquidity, Loans, Monetary policy, Money, Reserve requirements, Treasury bills and bonds

Keywords: CR, Currencies, Eastern Europe, Foreign currency, ISCR, IT strategy, Liquidity, Loans, Monetary policy formulation, NBS balance sheet, NBS guidance, NBS operational flexibility, NBS operations, NBS repo, NBS repo operation, NBS repo rate, NBS repo volume, NBS well, Portfolio to the market, Rate act, Repo approach, Reserve requirements, Treasury bills and bonds

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/153
Stock No:

1SRBEA2010009
ISBN:

9781455205691
ISSN:

1934-7685

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