Series: IMF Working Papers
Author(s): Alain Ize , Arto Kovanen , and Timo Henckel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1999
Keywords: Monetary operations, payments system, inflation targeting, central bank, central banks, monetary policy, money market
Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusse...