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Monetary Policy and Financial Innovations

Pierre Languetin

Chapter 10 in International Banking, 1988, pp 103-109 from Palgrave Macmillan

Abstract: Abstract The consequences of the changeover from a system of fixed exchange rates to freely floating exchange rates have perhaps not yet become fully apparent or, to say the least, the economists who advocated it and the authorities responsible for monetary policy have been slow to understand all the implications and protractions of such radical transition. None of them, moreover, was able to foresee the numerous developments and the transformations in monetary policy that this changeover would bring with it.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Central Bank; Secondary Market (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09706-7_10

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DOI: 10.1007/978-1-349-09706-7_10

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