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The Adoption of Indirect Instruments of Monetary Policy

Author

Listed:
  • Tomás J. T. Baliño
  • Charles Enoch
  • William E. Alexander

Abstract

This paper examines the experience of implementing indirect instruments of monetary policy. The experiences of country studies illustrate the variety of circumstances under which indirect instruments of monetary policy have been introduced. Case Studies are presented for Chile, Egypt, Ghana, Indonesia, Mexico, New Zealand, and Poland.

Suggested Citation

  • Tomás J. T. Baliño & Charles Enoch & William E. Alexander, 1995. "The Adoption of Indirect Instruments of Monetary Policy," IMF Occasional Papers 126, International Monetary Fund.
  • Handle: RePEc:imf:imfocp:126
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    Cited by:

    1. Peter Stella, 2002. "Central Bank Financial Strength, Transparency, and Policy Credibility," IMF Working Papers 02/137, International Monetary Fund.
    2. Juan Carlos Echeverry & Marcela Eslava M., 1997. "Notas sobre la Tasa de Interés y la Inflación en Colombia," BORRADORES DE ECONOMIA 003280, BANCO DE LA REPÚBLICA.
    3. Andrea Schaechter, 2001. "Implementation of Monetary Policy and the Central Bank's Balance Sheet," IMF Working Papers 01/149, International Monetary Fund.
    4. Ceyla Pazarbasioglu & Gudrun Johnsen & Paul Louis Ceriel Hilbers & Inci Ötker, 2005. "Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies," IMF Working Papers 05/151, International Monetary Fund.
    5. Muhammad Arshad Khan & Sajawal Khan, 2007. "Financial Sector Restructuring in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(Special E), pages 98-125, September.
    6. Dailami, Mansoor & Ul Haque, Nadeem, 1998. "What macroeconomic policies are"sound?"," Policy Research Working Paper Series 1995, The World Bank.
    7. Simon T Gray, 2006. "Central bank management of surplus liquidity," Lectures, Centre for Central Banking Studies, Bank of England, edition 1, number 6, March.
    8. Inese Buzeneca & Rodolfo Maino, 2007. "Monetary Policy Implementation; Results from a Survey," IMF Working Papers 07/7, International Monetary Fund.
    9. I.J.M de Greef & P.L.C. Hilbers & L.H. Hoogduin, 1998. "Moderate Monetarism: A Brief Survey of Dutch Monetary Policy in thePost-War Period," DNB Staff Reports (discontinued) 28, Netherlands Central Bank.
    10. Tarron Khemraj, 2008. "Excess liquidity, oligopolistic loan markets and monetary policy in LDCs," Working Papers 64, United Nations, Department of Economics and Social Affairs.
    11. Anita Tuladhar, 2005. "Governance Structures and Decision-Making Roles in Inflation-Targeting Central Banks," IMF Working Papers 05/183, International Monetary Fund.
    12. De Melo, Martha & Denizer, Cevdet, 1997. "Monetary policy during transition : an overview," Policy Research Working Paper Series 1706, The World Bank.
    13. Arto Kovanen, 2002. "Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa; Main Features and Policy Implications," IMF Working Papers 02/65, International Monetary Fund.
    14. Paolo Savona & Aurelio Maccario, 1998. "On the Relation between Money and Derivatives and its Application to the International Monetary Market," Open Economies Review, Springer, vol. 9(1), pages 637-664, January.
    15. Vassili Prokopenko & Paul Holden, 2001. "Financial Development and Poverty Alleviation; Issues and Policy Implications for Developing and Transition Countries," IMF Working Papers 01/160, International Monetary Fund.

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