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Transformations to open market operations : developing economies and emerging markets
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Transformations to open market operations : developing economies and emerging markets/ Stephen H. Axilrod. |
| 개인저자 | Axilrod, S. H.,author. Wilson, Neil,editor, |
| 단체저자명 | International Monetary Fund,issuing body. |
| 형태사항 | 1 online resource (iii, 17 pages). |
| 총서사항 | Economic issues;5 |
| 기타형태 저록 | Print version: Axilrod, S.H. Transformations to open market operations. Washington, D.C. : International Monetary Fund, ?996 1557756279 |
| ISBN | 9781455235551 1455235555 |
| 일반주기 |
"Draws on material originally contained in IMF Working Paper 95/146, 'Transformation of markets and policy instruments for open market operations', by Stephen H. Axilrod ... This material is refined for the general readership by editing and partial redrafting ... Neil Wilson collaborated in the preparation of the present text."
"December 1996"--Title page verso. |
| 요약 | By buying or selling bonds, bills and other financial instruments in the open market, a central bank can expand or contract the amount of reserves in the banking system and can ultimately influence the country's money supply. When the central bank sells such instruments it absorbs money from the system. Conversely, when it buys it injects money into the system. This method of trading in the market to control the money supply is called open market operations. Open market operations are the major instruments of monetary control in industrial countries and are becoming important in developing countries and countries in transition. This paper shows how open market operations are related to other monetary instruments, discusses the role of the market and of the central bank, and takes a brief, practical look at howopen market operations are actually conducted. |
| 일반주제명 | Open market operations. BUSINESS & ECONOMICS --Banks & Banking. Open market operations. Banques centrales. March? mon?taire. March? financier --Pays en voie de d?veloppement. |
| 언어 | 영어 |
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