Open Market Operations as a Main Tool of Monetary Policy
Teona Grigolashvili ()
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Teona Grigolashvili: Kutaisi University
Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 2, 290-293
Importance of monetary policy is the main indicator of economic condition in the country. Some monetary policy tools used by central banks influence on money supply and short-term interest rate. Open market operation is the monetary policy tool, frequently used by central banks to overcome liquidity problem.
Keywords: monetary policy; central banks; treasury bonds; open market operations (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xix:y:2019:i:2:p:290-293
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