Comments on Effectiveness of the Window Guidance

Hidekazu Eguchi

Japanese Economy, 1977, vol. 6, issue 2, 93-103

Abstract: Many conditions are necessary if lending window operations (or, the window guidance in Professor Horiuchi's terminology (1)) are to be sufficiently effective as a policy means of monetary control. Nonetheless, there have been no significant dissenting views to the thesis that this measure would work toward depressing the total volume of lendings of private financial institutions.

Date: 1977
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DOI: 10.2753/JES1097-203X060293

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