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The Instruments and Operating Procedures for Conducting Monetary Policy in the Group of Five Countries

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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989
Series:IMF Working Papers
Subjects:
Money Market
Depository Institutions
Interest Rates
Commercial Banks
Banks
Finance
Discount
Banks And Banking
Financial Institutions
Financial Services
Short Term Interest Rates
Open Market Operations
Micro Finance Institutions
General Financial Markets: General (includes Measurement And Data)
Mortgages
Central Banks
Financial Markets
Discount Rates
Money Markets
Banking
Interest Rates: Determination, Term Structure, And Effects
Central Banks And Their Policies
Finance: General
Japan
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:66 pages
ISBN:9781451967074

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