II Monetary Operations and Government Securities Markets
Author: Mr. Malcolm D. Knight1
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
OP; central bank; country; accounting reform; bank; internal audit reform issue; reform issue; country ranking; bank governance; restructuring policy; Commercial banks; Treasury bills and bonds; Credit; Currencies; Baltics; monetary management; market development; market participant; market activity; treasury bill market; Interbank markets; Government securities; Securities markets; Money markets

Abstract

Under the umbrella of central bank laws enacted since 1992, most central banks of the Baltic countries, Russia, and the other countries of the former Soviet Union have gained considerable formal autonomy to carry out an independent monetary policy (Belarus and Uzbekistan are notable exceptions). Monetary control is exercised through a variety of instruments, including reserve requirements; credit auctions, and refinance facilities that are mainly market-based; interventions in the foreign exchange markets; auctions of treasury bills; and, to a limited extent, open market operations.

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Cover Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union
Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union
Author: Mr. Malcolm D. Knight
ISBN:
9781557756985
ISSN:
0251-6365
Publication Date:
05 Feb 1998
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557756985.084
Pages:
67