Cover -- Contents -- Preface -- Introduction -- I. Starting to Build Institutions -- 1. Building the National Bank of Rwanda's Monetary and Supervisory Functions -- 2. Modernizing the Central Bank of Congo -- 3. The Kyrgyz Republic: Challenges of Financial Sector Reforms -- 4. Mongolia: Toward Risk-Based Bank Supervision in a Transition Economy -- 5. Reconstructing Central Banking in War-Torn Liberia -- 6. Kosovo: Establishing Institutions from Scratch -- 7. Banking Supervision in an Ongoing Conflict: The Case of Iraq -- II. Implementing Monetary and Financial Policies -- 8. Surveillance and Technical Assistance Working Together: Modernizing Monetary and Financial Policies in Guatemala -- 9. Achieving Exchange Rate Flexibility: The Challenges of Egypt's Ongoing Experience -- 10. From Fixed to Float in Bangladesh -- 11. Establishing and Managing a Petroleum Fund in Timor-Leste -- 12. Enhancing Financial Stability Through Consolidated Supervision: The Case of the Philippines -- 13. Albania: Stress Testing for Banking Supervisors -- 14. Resolving the Banking Crisis in Uruguay -- 15. Preparing Financial Systems for a Human Influenza Pandemic -- 16. Supervising Nonbank Financial Institutions -- 17. IMF Technical Assistance in the Economic and Monetary Community of Central Africa (CEMAC) -- III. Advanced Topics in Technical Assistance -- 18. Supervising Public Funding to the Financial Sector in Colombia and Mexico -- 19. Indonesia: From Monetary Program to Inflation Targeting -- 20. Turkey: Moving Toward Full-Fledged Inflation Targeting -- 21. Communications Strategies in Central Banking: The 2005 Mumbai Regional Seminar -- Glossary -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- Boxes -- 3.1. Kyrgyz Republic: Guiding Principles for Banking Resolution...44.

10.1. Bangladesh: Foreign Exchange Arrangements and Market Characteristics Prior to the Float -- 10.2. Operational Requirements for a Market-Determined Foreign Exchange Regime -- 10.3. Establishing an Effective Interface with Markets: Modalities for Intervention -- 13.1. Stress Test Exercises-General -- 13.2. Stress Testing and Basel II -- 13.3. Stress Testing at the Bank of Albania-Market Risk -- 13.4. Credit Risk Stress Testing-An Example from the Bank of England -- 17.1. SYSCO Rating -- 18.1. Sociedad Hipótecaria Federal -- 18.2. FINAGRO -- 18.3. Fondo Agropecuario de Garantias -- 20.1. Turkey: The IT Framework at a Glance -- Tables -- 2.1. Congo (Dem. Rep.): Economic and Financial Indicators: 1998-2005 -- 6.1. Total Assets, Loans, and Deposits of Commercial Banks -- 11.1. Timor-Leste Petroleum Fund: Chronology of Developments -- 13.1. Banks' Exposure to Different Risks -- 14.1. Uruguay: Banking Soundness Indicators, 2001 -- 14.2. Uruguay: Total Government Assistance to Banks as of August 2002 -- 16.1. Overview of IMF Technical Assistance Involvement in NBFI Supervision -- 17.1. CEMAC: Compliance with Convergence Criteria -- 17.2. CFA Franc Zone: Interbank Market Transaction Volumes, 1997-2005 -- Figures -- 1.1. Rwanda: The BNR's Interest Rate Corridor -- 3.1. Kyrgyz Republic: IMF Technical Assistance Delivery by Topic, 1992-2006 -- 3.2. Kyrgyz Republic: IMF Technical Assistance Topics, 1992-2006 -- 8.1. Guatemala: Legal Central Bank Independence -- 8.2. Integration of Short-Term and Structural Forecasting Models -- 9.1. Egypt: Official and Parallel Market Prices -- 9.2. Monthly Average Turnover of the Interbank Foreign Exchange Market in Egypt, September 2004-March 2006 -- 9.3. Egypt: Pounds per US1, November 2004-May 2006 -- 10.1. Bangladesh: Selected Indicators -- 13.1. Origins of Shocks to the Banking System.

13.2. Exchange Regimes for Central and Eastern European Countries, 1999-2003 -- 13.3. Share of Foreign Exchange Loans and Deposits, End- 2003 -- 14.1. Reserve Coverage -- 17.1. CEMAC: GDP Per Capita and Domestic Credit, 2003 -- 20.1. Turkey: Inflation Targets and Outcomes.