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18 June 2013

The New Bank of Israel A Farewell Conference Honoring Governor Stanley Fischer. 18 June 2013. A new BOI Law. Redefining policy objectives Expanding policy tools at BOI's disposal Expanding flexibility in FX reserves management Formation of a Monetary Committee

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18 June 2013

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  1. The New Bank of Israel A Farewell Conference Honoring Governor Stanley Fischer 18 June 2013

  2. A new BOI Law • Redefining policy objectives • Expanding policy tools at BOI's disposal • Expanding flexibility in FX reserves management • Formation of a Monetary Committee • Formation of a Supervisory Council

  3. The use of various policy tools • Intervention in Forex market; • Quantitative easing:Purchase of Government bonds; • Limitations on mortgages ( e.g. limiting LTVs, % in variable rates); • Limitations on (disruptive) short term capital flows. BOI operation • A new wage agreement; • A thorough reorganization of the BOI; • Business continuity plans and practices.

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