The Instruments and Operating Procedures for Conducting Monetary Policy in the Group of Five Countries.

This paper examines and compares the instruments and procedures currently employed by the central banks of France, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis indicates that the monetary authorities of these five countries...

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Chi tiết về thư mục
Tác giả của công ty: International Monetary Fund
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1989.
Loạt:IMF Working Papers; Working Paper ; No. 1989/057
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:This paper examines and compares the instruments and procedures currently employed by the central banks of France, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis indicates that the monetary authorities of these five countries focus on influencing certain short-term interest rates in implementing monetary policy. Thus, to the extent that interest rate developments affect the behavior of exchange rates, this analysis facilitates ascertaining changes in monetary policies in the G-5 countries and their exchange rate implications.
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Mô tả vật lý:1 online resource (66 pages)
Định dạng:Mode of access: Internet
số ISSN:1018-5941
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students