01793cas a2200241 a 4500 AALejournalIMF001804 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451971583 1934-7456 BD-DhAAL BD-DhAAL Zelmer, Mark. Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities / Mark Zelmer. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (25 pages) IMF Policy Discussion 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 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. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2001/007 Full text available on IMF http://elibrary.imf.org/view/journals/003/2001/007/003.2001.issue-007-en.xml IMF e-Library