22 Jamaica’s Transition from Direct to Indirect Instruments of Monetary Policy
Author: G. ARTHUR BROWN
Language:
English
Keywords:
BOOK; central bank; monetary policy; bank; interest rate; monetary management; treasury official; branch network; central bank loss; PBC branch; government paper; Commercial banks; Credit; Currencies; Payment systems; West Africa; Europe; Global; Eastern Europe; Caribbean

Abstract

The transition from direct to indirect instruments of monetary policy in Jamaica commenced in 1985 and was a major policy initiative by the Government. It formed an important part of the policy framework that was established within the context of the Financial Sector Reform Program adopted by the Government of Jamaica under the auspices of the World Bank. The program was geared toward eliminating certain macroeconomic impediments to efficient financial sector intermediation. It was also intended to implement certain monetary policy reforms that were deemed necessary for improving resource allocation and mobilization in the monetary and banking system.

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Cover The Evolving Role of Central Banks
The Evolving Role of Central Banks
Editor: Mr. Patrick Downes and Reza Vaez-Zadeh
ISBN:
9781557751850
Publication Date:
15 Jun 1991
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557751850.071
Pages:
472

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