Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities /

The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to the financial sector, and also for the assets they hold on their balance sheets. The paper reviews t...

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Bibliografiske detaljer
Hovedforfatter: Zelmer, Mark
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2001.
Serier:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2001/007
Online adgang:Full text available on IMF
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245 1 0 |a Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities /  |c Mark Zelmer. 
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300 |a 1 online resource (25 pages) 
490 1 |a IMF Policy Discussion Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to the financial sector, and also for the assets they hold on their balance sheets. The paper reviews the salient facts regarding industrial central bank balance sheets and operating techniques, and outlines different options for dealing with a limited supply of government securities. The main conclusion is that central banks may wish to consider extending credit using a broad range of assets as collateral, and engage in outright transactions of securities guaranteed by financial institutions. 
538 |a Mode of access: Internet 
830 0 |a IMF Policy Discussion Papers; Policy Discussion Paper ;  |v No. 2001/007 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/003/2001/007/003.2001.issue-007-en.xml  |z IMF e-Library