Part 1 Issues and Overview
Author:
Mr. Tomás J. T. Baliño https://isni.org/isni/0000000404811396 International Monetary Fund

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,
Mr. Charles Enoch
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, and
Mr. William E. Alexander
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Language:
English
Print Publication Date:
06 Jul 1995
Keywords:
OP; overview; market; issue; part; country sample; restructuring of the banking system; encouragement of bank competition; insulation of monetary policy; part II; government securities market; Open market operations; Commercial banks; Credit; Monetary policy instruments; Treasury bills and bonds; Europe; Western Europe; North America; Central and Eastern Europe; Middle East

Abstract

In the late 1970s, industrial countries began phasing out the direct instruments some of them used to operate monetary policy—including credit controls, interest rate ceilings, and sometimes directed credits—and began moving toward full reliance on indirect instruments, such as open market operations, rediscount facilities, and reserve requirements. In more recent years, there has been also an increasing tendency for the developing countries and the economies in transition to adopt such instruments.

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Cover The Adoption of Indirect Instruments of Monetary Policy
The Adoption of Indirect Instruments of Monetary Policy
ISBN:
9781557754899
ISSN:
0251-6365
Publication Date:
06 Jul 1995
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557754899.084
Pages:
75

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