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...

Descripció completa

Dades bibliogràfiques
Autor principal: Farahbaksh, Mitra
Altres autors: Sensenbrenner, Gabriel
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1996.
Col·lecció:IMF Working Papers; Working Paper ; No. 1996/063
Accés en línia:Full text available on IMF
LEADER 01807cas a2200253 a 4500
001 AALejournalIMF000257
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451848373 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Farahbaksh, Mitra. 
245 1 0 |a Bank-By-Bank Credit Ceilings :   |b Issues and Experiences /  |c Mitra Farahbaksh, Gabriel Sensenbrenner. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 credit ceilings, some countries continue to employ them, particularly during the transitional period before full reliance on indirect monetary instruments. The paper argues that the careful attention to design can help reduce distortions typically associated with the use of credit ceilings. It identifies a series of principles that may be followed in designing a system that can minimize those distortions. 
538 |a Mode of access: Internet 
700 1 |a Sensenbrenner, Gabriel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/063 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/063/001.1996.issue-063-en.xml  |z IMF e-Library