Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy /

This paper discusses different instruments of monetary policy, and in particular the choice between direct and indirect instruments. It identifies the main characteristics of a country's financial system that should be considered in selecting monetary instruments, and analyzes how these charact...

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Bibliographic Details
Main Author: Hilbers, Paul
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1993.
Series:IMF Working Papers; Working Paper ; No. 1993/087
Online Access:Full text available on IMF