Bank-By-Bank Credit Ceilings : Issues and Experiences /
Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, and caused disintermediation. Despite the many distortions associated with the use of cr...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
1996.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1996/063 |
| Online adgang: | Full text available on IMF |