| Description |
1 online resource (iii, 17 pages). |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
Economic issues ; 5
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|
Economic issues (International Monetary Fund) ; 5.
|
| Note |
"Draws on material originally contained in IMF Working Paper 95/146, 'Transformation of markets and policy instruments for open market operations', by Stephen H. Axilrod ... This material is refined for the general readership by editing and partial redrafting ... Neil Wilson collaborated in the preparation of the present text." |
|
"December 1996"--Title page verso. |
| Summary |
By buying or selling bonds, bills and other financial instruments in the open market, a central bank can expand or contract the amount of reserves in the banking system and can ultimately influence the country's money supply. When the central bank sells such instruments it absorbs money from the system. Conversely, when it buys it injects money into the system. This method of trading in the market to control the money supply is called open market operations. Open market operations are the major instruments of monetary control in industrial countries and are becoming important in developing countries and countries in transition. This paper shows how open market operations are related to other monetary instruments, discusses the role of the market and of the central bank, and takes a brief, practical look at howopen market operations are actually conducted. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Open market operations.
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Open market operations. |
| Genre/Form |
Electronic books.
|
| Added Author |
Wilson, Neil, 1963- editor.
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International Monetary Fund, issuing body.
|
| Other Form: |
Print version: Axilrod, S.H. Transformations to open market operations. Washington, D.C. : International Monetary Fund, ©1996 1557756279 (OCoLC)36215941 |
| ISBN |
9781455235551 (electronic book) |
|
1455235555 (electronic book) |
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1557756279 |
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9781557756275 |
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