The Money Market Diagnostic Framework (MMDF) is founded on four building blocks central to money market development.

These are:

  1. current level of money market development;
  2. market environment;
  3. central bank activity;
  4. market resources.

Each of the four building blocks are evaluated based on the degree to which underlying topics are working well. This review process is question driven.

building blocks

-1-current level of MM development -2-environment -3-CB activity -4-resources


prudential regulation legal infrastructure transaction costs payment system credit risk post-trade infrastructure monetary policy framework market segments benchmark rates, yield curve collateral in interbank operations market participants collateral in interbank operations information availablefor market participants communication informationfor regulators CB operations reserve requirement banking sector liquidity collateral in CB operations counterparties market HR information technologies CB HR