Monetary Policy Implementation at Different Stages of Market Development

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Monetary Policy Implementation at Different Stages of Market Development by Bernard Mr. Laurens, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Bernard Mr. Laurens ISBN: 9781452701899
Publisher: INTERNATIONAL MONETARY FUND Publication: December 20, 2005
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Bernard Mr. Laurens
ISBN: 9781452701899
Publisher: INTERNATIONAL MONETARY FUND
Publication: December 20, 2005
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and countries with undeveloped financial markets have found that a lack of competition in their financial markets complicates their efforts to rely on money market operations, at times forcing them to rely instead on direct instruments or moral suasion. In some larger countries, the shift toward a reliance on money market operations has been gradual and, at times, fraught with difficulty. This report draws on a variety of country experiences to analyze the reasons for such difficulties and proposes a stylized sequencing of reforms that enables countries to tailor the introduction of money market operations to their particular circumstances.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and countries with undeveloped financial markets have found that a lack of competition in their financial markets complicates their efforts to rely on money market operations, at times forcing them to rely instead on direct instruments or moral suasion. In some larger countries, the shift toward a reliance on money market operations has been gradual and, at times, fraught with difficulty. This report draws on a variety of country experiences to analyze the reasons for such difficulties and proposes a stylized sequencing of reforms that enables countries to tailor the introduction of money market operations to their particular circumstances.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Fiscal Monitor, April 2013: Fiscal Adjustment in an Uncertain World by Bernard Mr. Laurens
Cover of the book Government Finance Statistics Manual 2001 by Bernard Mr. Laurens
Cover of the book Regional Economic Outlook: Europe (April 2008) by Bernard Mr. Laurens
Cover of the book IEO Annual Report 2005-06 by Bernard Mr. Laurens
Cover of the book South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate--Empirical Evidence and GIMF Simulations by Bernard Mr. Laurens
Cover of the book Limiting Central Bank Credit to the Government: Theory and Practice by Bernard Mr. Laurens
Cover of the book Monetary Policy in the New Normal by Bernard Mr. Laurens
Cover of the book Regional Economic Outlook: Europe, May 2009, Addressing the Crisis by Bernard Mr. Laurens
Cover of the book The Implications of Fund Supported Adjustment Programs for Poverty: Experiences in Selected Countries - Occa Paper 58 by Bernard Mr. Laurens
Cover of the book Finance & Development, March 2005 by Bernard Mr. Laurens
Cover of the book IEO Annual Report 2012 by Bernard Mr. Laurens
Cover of the book The Composition of Fiscal Adjustment and Growth: Lessons from Fiscal Reforms in Eight Economies by Bernard Mr. Laurens
Cover of the book Fiscal Monitor, November 2010 by Bernard Mr. Laurens
Cover of the book Tackling Small and Medium Enterprise Problem Loans in Europe by Bernard Mr. Laurens
Cover of the book Regional Economic Outlook, October 2013: Sub-Saharan Africa - Keeping the Pace by Bernard Mr. Laurens
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy