01776cas a2200241 a 4500 AALejournalIMF000457 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854688 1018-5941 BD-DhAAL BD-DhAAL Garcia-Herrero, Alicia. Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy / Alicia Garcia-Herrero. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (83 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The experiences of seven countries that have undergone banking crises show that crises have significant implications for the short-run stability of the demand for money, the money multiplier, the transmission mechanism, and the signal variables of monetary policy. Monetary and credit instability, coupled with changes in the nature of the monetary and credit aggregates, complicate monetary management. These findings may require redesigning monetary instruments in favor of faster-reacting instruments, such as open market operations, and introducing additional indicators of the monetary stance, such as asset price and exchange rate movements. More frequent reviews of monetary programs may also be necessary. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/124 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/124/001.1997.issue-124-en.xml IMF e-Library