The Adoption of Indirect Instruments of Monetary Policy

Tomás Baliño, Charles Enoch and William Alexander

No 1995/008, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; overview; market; issue; part; country sample; restructuring of the banking system; encouragement of bank competition; insulation of monetary policy; part II; government securities market; Open market operations; Commercial banks; Credit; Monetary policy instruments; Treasury bills and bonds; Europe; Western Europe; North America; Central and Eastern Europe; Middle East; monetary management; Caribbean (search for similar items in EconPapers)
Pages: 75
Date: 1995-07-06
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Citations: View citations in EconPapers (35)

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