| 000 | 02504nam a22004214a 4500 | ||
|---|---|---|---|
| 001 | WPIEA0621994 | ||
| 003 | IMF | ||
| 005 | 20190405153747.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s1994 dcu o i00 0 eng d | ||
| 020 |
_a1451848226 : _c15.00 USD |
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| 020 | _z9781451848229 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451848229.001 _2doi |
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| 035 | _a(IMF)WPIEA0621994 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aQuintyn, Marc. | |
| 245 | 1 | 0 |
_aGovernment Securities Versus Central Bank Securities in Developing Open Market Operations _h[electronic resource] : _bEvaluation and Need for Coordinating Arrangements / _cMarc Quintyn. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c1994. |
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| 300 | _a1 online resource (60 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 94/62 |
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| 520 | 3 | _aIn an indirect monetary policy framework, open market operations become the central bank's main instrument. In the initial stages, when financial markets are still undeveloped, selection of a financial instrument for those operations and the design of supporting arrangements to ensure the central bank's operational autonomy when using the instrument, are crucial issues. Based on theoretical arguments and experience of a sample of countries that embarked on financial reforms, this paper argues that government securities are the preferred instrument because of their better capacity to develop financial markets. The use of government securities, however, requires the most complex supporting arrangements. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aCentral Bank _2imf |
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| 650 | 7 |
_aDebt Management _2imf |
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| 650 | 7 |
_aGovernment Securities _2imf |
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| 650 | 7 |
_aMonetary Management _2imf |
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| 650 | 7 |
_aMonetary Policy _2imf |
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| 651 | 7 |
_aGambia, The _2imf |
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| 651 | 7 |
_aIndonesia _2imf |
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| 651 | 7 |
_aKorea, Republic of _2imf |
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| 651 | 7 |
_aNew Zealand _2imf |
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| 651 | 7 |
_aPhilippines _2imf |
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| 776 | 0 | 8 |
_iPrint Version: _aQuintyn, Marc. _tGovernment Securities Versus Central Bank Securities in Developing Open Market Operations : Evaluation and Need for Coordinating Arrangements _dWashington, D.C. : International Monetary Fund, 1994. _z9781451848229 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 94/62 |
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| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/02894-9781451848229/02894-9781451848229/02894-9781451848229.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451848229 _zIMF Book Store |
| 999 |
_c148006 _d148006 |
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