Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Exchange Affairs Department.
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| ISBN: | 1283515210
9781283515214
9781451919196
1451919190
1462360769
9781462360765
1452763151
9781452763156
9786613827661
6613827665
9781451874617
1451874618
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| Notes: | Cover title.
"December 2002"--Page 1
At head of title: Monetary and Exchange Affairs Department.
Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | In this paper, we introduce credit ceilings in the standard model of the money multiplier and analyze their role in central bank's management of money supply in the presence of indirect monetary instruments. We show that under a regime of total credit ceilings, their optimal value equals the desired growth rate of the adjusted monetary base. Under a regime of partial credit ceilings, their optimal value depends on the desired growth rate of the adjusted monetary base, the degree of substitutability between the regulated and unregulated types of banks' earning assets, and the autonomous growth rate of the latter.
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| Other form: | Print version: Yossifov, Plamen. Use of credit ceilings in the presence of indirect monetary instruments. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451919196.001
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