Occasional Papers

The Adoption of Indirect Instruments of Monetary Policy

By Tomás J. T. Baliño, Charles Enoch, William E. Alexander

July 6, 1995

Preview Citation

Format: Chicago

Tomás J. T. Baliño, Charles Enoch, and William E. Alexander The Adoption of Indirect Instruments of Monetary Policy, (USA: International Monetary Fund, 1995) accessed September 18, 2024

Summary

This paper examines the experience of implementing indirect instruments of monetary policy. The experiences of country studies illustrate the variety of circumstances under which indirect instruments of monetary policy have been introduced. Case Studies are presented for Chile, Egypt, Ghana, Indonesia, Mexico, New Zealand, and Poland.

Subject: Banking, Central banks, Commercial banks, Credit, Financial institutions, Monetary policy, Monetary policy instruments, Money, Open market operations, Treasury bills and bonds

Keywords: Caribbean, Central and Eastern Europe, Commercial banks, Country sample, Credit, Encouragement of bank competition, Europe, Government securities market, Insulation of monetary policy, Issue, Market, Middle East, Monetary management, Monetary policy instruments, North America, OP, Open market operations, Overview, Part, Part II, Restructuring of the banking system, Treasury bills and bonds, Western Europe

Publication Details

  • Pages:

    75

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 1995/008

  • Stock No:

    S126EA0000000

  • ISBN:

    9781557754899

  • ISSN:

    0251-6365

Notes

By a staff team headed by William E. Alexander, Tomas J. T. Balino, and Charles Enoch and comprising Francesco Caramazza, George Iden, David Marston, Johannes Mueller, Ceyla Pazarbasioglu, Marc Quintyn, Matthew Saal, and Gabriel Sensenbrenner.