01681cas a2200241 a 4500 AALejournalIMF010076 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451967074 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Instruments and Operating Procedures for Conducting Monetary Policy in the Group of Five Countries. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (66 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 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/057/001.1989.issue-057-en.xml IMF e-Library