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Transformations to open market operations [electronic resource] : developing economies and emerging markets / Stephen H. Axilrod.

By: Contributor(s): Material type: TextTextSeries: Economic issues ; 5.Publication details: Washington, D.C. : International Monetary Fund, c1996.Description: 1 online resource (iii, 17 p.)ISBN:
  • 9781455235551 (electronic bk.)
  • 1455235555 (electronic bk.)
Subject(s): Genre/Form: Additional physical formats: Print version:: Transformations to open market operations.DDC classification:
  • 332.114 22
LOC classification:
  • HF1351 .E33 v.5eb
Other classification:
  • QK 920
  • ZB 50200
Online resources: Subject: 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.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

"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"--T.p. verso.

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.

Description based on print version record.

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