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Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene?.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Working Papers; Working Paper ; No. 1997/028
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (28 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1997.
- Language Note:
- English
- Summary:
- A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow. It is shown how the optimal operating procedure balances the value of attaining an immediate target and broadcasting the central bank’s intentions against the informational advantages to the central bank of allowing the free play of market forces to reveal more of the information available to market participants.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613786753
- 9781462367221
- 1462367224
- 9781452712963
- 1452712964
- 9781281606068
- 1281606065
- 9781451892253
- 145189225X
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