Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Exchange Affairs Department.
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| ISBN: | 1462306497
9781462306497
1455270725
9781455270729
1282026755
9781282026759
1455288772
9781455288779
9786613796486
6613796484
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| Notes: | Includes bibliographical references (pages 92-94).
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: | Annotation As developing countries and economies in transition have relied on deregulated, competitive markets to spur growth, their central banks have shifted toward using open market operations as a tool of monetary policy. to be most effective, such operations require supportive changes in other policy instruments (reserve requirements, discount window), a competitive banking system and securities market, and adaptation of particular open market or market-type instruments used to the stage of, and potential for, market development. the paper assesses options available to a central bank for encouraging a competitive market architecture and designing instruments for implementation of open market operations.
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| Other form: | Print version: Axilrod, S.H. Transformation of markets and policy instruments for open market operations. [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©1995
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