Government Cash Management: Relationship between the Treasury and the Central Bank

Mario Pessoa and Michael Williams

No 2012/002, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This technical note and manual (TNM) addresses the following main issues: Interaction between treasury cash management and monetary policy operations within the wider context of the respective economic responsibilities of the ministry of finance and the central bank; Institutional arrangements for an effective relationship between the treasury and the central bank; Contractual arrangements between the treasury and the central bank for the provision of banking and other services. This document will be particularly relevant to developing countries that are reforming cash management operations or contemplating more active cash management; or where there are operational policy differences between the treasury and the central bank.

Keywords: TNM; central bank; market; treasury; monetary policy operation; balance; debt management; fiscal policy; monetary policy; public finance; public financial management; treasury single account; interest rate; central bank recapitalization; banking system; policy rate; Government cash management; Commercial banks; Currencies; Government cash forecasting; Africa (search for similar items in EconPapers)
Pages: 27
Date: 2013-01-16
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