The Adoption of Indirect Instruments of Monetary Policy

ByTomás J. T. Baliño, Charles Enoch, William E. Alexander

July 6, 1995

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

Pages:
75
Volume:
1995
DOI:
https://doi.org/10.5089/9781557754899.084
Issue:
008
Series:
Occasional Paper No. 1995/008
Stock No:
S126EA0000000
ISBN:
9781557754899
ISSN:
0251-6365

Loading component...

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.

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

Occasional Papers