Refinance instruments : lessons from their use in some industrialized countries /

Refinance instruments : lessons from their use in some industrialized countries /

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Bibliographic Details
Author / Creator:Laurens, Bernard, author.
Imprint:Washington, D.C. : International Monetary Fund, Monetary and Exchange Affairs Department, 1994.
Description:1 online resource (iv, 27 pages) : illustrations.
Language:English
Series:IMF working paper ; WP/94/51
IMF working paper ; WP/94/51.
Subject:
Monetary policy.
Banks and banking, Central.
Banks of issue.
Banks of issue.
Banks and banking, Central.
Monetary policy.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12500994
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Monetary and Exchange Affairs Department, issuing body.
ISBN:1451984073
9781451984071
9781451984071
146232682X
9781462326822
1452778531
9781452778532
1281600318
9781281600318
9786613781000
6613781002
9781451847048
1451847041
Notes:Available in PDF, ePUB, and Mobi formats on the Internet.
English.
Summary:Annotation Many central banks around the world are gradually shifting from a system of direct controls towards the implementation of monetary policy through market-oriented instruments, including refinance facilities. This paper reviews the use of refinance instruments in a sample of industrialized countries, and discusses how central banks use them to influence short-term interest rates and to manage banks reserves. Some lessons are suggested for their implementation in developing countries or economies in transition.

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